Health Savings Account
- Cover a variety of health expenses
- Available for High Deductible Health Plans
- Great tax benefits
Protect your health and your savings with an HSA
Healthcare costs can put a burden on your finances, whether they are ongoing, short-term, or unexpected medical issues. With a Health Savings Account (HSA) from USALLIANCE, you can prepare for these costs so that when the time comes, you’re prepared to handle healthcare costs without damaging your budget.
An HSA is a tax-advantaged medical savings account available to members who are enrolled in High Deductible Health Plans. Deposits made to your HSA account are 100% tax deductible, so be sure to consult your tax advisor to make sure you’re getting the maximum tax benefit. The funds in your HSA account can be used for a variety of qualified medical expenses such as co-pays, deductibles, dental, and vision. Unlike a flexible spending account (FSA), money in your HSA that you don’t spend rolls over and accumulates from year to year, so you don’t need to worry about spending a certain amount before a deadline. Rates begin at 0.02% APY on the first $2,000 in the account and rise to 0.05% APY on amounts over $2,000.
Healthcare is expensive, and medical costs can quickly become overwhelming. Don’t leave your hard-earned savings vulnerable to a sudden or ongoing health issue. Start planning ahead today and protect yourself with an HSA.
Protect your health and your savings with an HSA
Healthcare costs can put a burden on your finances, whether they are ongoing, short-term, or unexpected medical issues. With a Health Savings Account (HSA) from USALLIANCE, you can prepare for these costs so that when the time comes, you’re prepared to handle healthcare costs without damaging your budget.
An HSA is a tax-advantaged medical savings account available to members who are enrolled in High Deductible Health Plans. Deposits made to your HSA account are 100% tax deductible, so be sure to consult your tax advisor to make sure you’re getting the maximum tax benefit. The funds in your HSA account can be used for a variety of qualified medical expenses such as co-pays, deductibles, dental, and vision. Unlike a flexible spending account (FSA), money in your HSA that you don’t spend rolls over and accumulates from year to year, so you don’t need to worry about spending a certain amount before a deadline. Rates begin at 0.02% APY on the first $2,000 in the account and rise to 0.05% APY on amounts over $2,000.
Healthcare is expensive, and medical costs can quickly become overwhelming. Don’t leave your hard-earned savings vulnerable to a sudden or ongoing health issue. Start planning ahead today and protect yourself with an HSA.
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