What are Health Savings Accounts (HSAs)?
eHealthMedicare Inc
2013-05-21
Views 61
http://www.ehealthmedicare.com/
A Health Savings Account, or HSA, is a voluntary program that creates an account that you can deposit money into for current and future qualified medical expenses for you and your family on a tax-free basis.
This includes most medical care, dental and vision, long-term care expenses, and insurance.
There is a maximum amount of money you can deposit into your HSA yearly, and this amount is determined by the Internal Revenue Service.
You are eligible to open an HSA account if you have coverage under a High Deductible Health Plan, you are not enrolled in Medicare, or you are not considered a dependent on someone else's tax return.
If you had an HSA before enrolling in Medicare, you can keep your account, however you cannot continue to contribute to your HSA after enrolling in Medicare.
If you have additional questions regarding HSAs, please call the IRS toll-free assistance line at 1-800-829-1040.
For more Medicare FAQs please visit: ht
A Health Savings Account, or HSA, is a voluntary program that creates an account that you can deposit money into for current and future qualified medical expenses for you and your family on a tax-free basis.
This includes most medical care, dental and vision, long-term care expenses, and insurance.
There is a maximum amount of money you can deposit into your HSA yearly, and this amount is determined by the Internal Revenue Service.
You are eligible to open an HSA account if you have coverage under a High Deductible Health Plan, you are not enrolled in Medicare, or you are not considered a dependent on someone else's tax return.
If you had an HSA before enrolling in Medicare, you can keep your account, however you cannot continue to contribute to your HSA after enrolling in Medicare.
If you have additional questions regarding HSAs, please call the IRS toll-free assistance line at 1-800-829-1040.
For more Medicare FAQs please visit: ht
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