Health Savings Accounts (HSAs)
What is an HSA? It's an innovative and practical savings account for your medical bills that you can set up with Assurant Health. You won't pay tax on the funds you deposit or the interest you make. Use your funds to pay for your qualified medical expenses, or start a nest egg for retirement. Your money stays yours. Since your balance rolls over each year, "use it or lose it" doesn't apply.
HSA Benefits & Features:
Get greater control over your health care dollars. You withdraw your funds when you need them. Your funds cover expenses that apply toward your deductible. Your funds also cover qualified medical expenses that your health plan doesn't cover including non-prescription drugs. Your funds cover long-term care insurance. You'll get tax advantages* on contributions, interest and qualified withdrawals. Your HSA is easy to manage - all online. Your HSA acts as a retirement income supplement. At age 65, accumulated funds can be withdrawn for non-qualified expenses or medical expenses not covered by Medicare. Funds for non-qualified expenses are subject to income tax.
> Learn more about Health Savings Accounts (HSAs)
> Compare a Typical Family Insurance Plan to our Health Savings Account Plan
*New Beginning Financial Group, LLC and its legal entities are not engaged in rendering tax, investment or legal advice. Federal and state tax regulations are subject to change. If tax, investment or legal advice is required, seek the services of a licensed professional.