Health Savings Account
What is a Health Savings Account?
Health Savings Accounts (HSAs) are a way for consumers to pay for medical expenses. HSAs are a good way to save for future
medical expenses. HAS funds can be funded with “pre-tax dollars”, grow “tax-free” and be withdrawn for Qualified Medical Expense “tax-free”.
Qualified Medical Expenses include your out-of-pocket amounts for deductibles, prescriptions, over the counter drugs, dental care, or
vision care. Funds can also be used for COBRA coverage during periods of unemployment, medical expenses after retirement, and long-term care expenses.
Here is a list of QME's approved by the IRS. click here
Additional HSA Benefits
Christopher S. Kudryk
KBenefits provides insurance solutions for small business owners and individuals in NJ & NY. Contact KBenefits today and see how we can benefit you.
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