Key advantages of the HSA

What are the key advantages of the HSA?

If your goal is to reduce taxes and save money on health care expenses, HSAs offers a wide range of benefits:

1. Flexibility. Use your HSA contributions to pay for a wide range of eligible medical expenses for yourself or family members. These expenses are not typically covered by other health care accounts, and can include prescriptions, dental, vision, orthodontia, over the counter medicine and others. A list of qualified expenses is available at www. IRS.gov.
2. Portability. Your HSA stays with you even if you change insurance companies, go on Medicare, or cancel your insurance.
   
3. Triple Tax Advantages

• Your contributions are made pre-tax, thereby reducing taxable income.
• Interest and investment gains are tax exempt.
• Your withdrawals for qualified medical expenses are tax-free.
  

If you don’t use the money for medical expenses, you are subject to a 10%tax penalty.

5. Control. The money is yours, you can choose to save it for later or spend it for medical payments now - it’s your choice.

6. Reduce Health Care Costs. You can reduce your health insurance premiums by over 60%.

7. No time restrictions. Your balances roll from year to year, so you don’t need to worry about using up your funds.

Entrust has a reputation for providing the best education services. Our nationwide
representatives consistently provide ongoing seminars and classes on HSAs and other self-directed accounts.

Get Your FREE MUST READ HSA REPORT by contacting one of our local offices.

You'll learn more about how you and your clients can grow wealth with through Health Savings Accounts. If you register today, you'll also receive Entrusts national newsletter on self-directed investing, IRA/401(k) Insights as a bonus!

To learn more about Entrust Self-Directed HSAs, click below:

• Self-Directed HSA: Help Clients Grow Tax Free Medical Savings

• How much can you contribute to an HSA?

• Do you have a high-deductible health deductible health plan?