Why Tax Advantaged Benet Accounts?

Medical, dental, vision and dependent care expenses can add up!

This is why the IRS allows individuals to contribute funds to Health Savings Accounts and Flexible Spending Accounts PRE-TAX to help pay for these expenses.

There are rules set forth by the IRS that guide when an employer can offer these accounts and how much employees can contribute. Learn more ahead!

Health Savings Account HSA

Must be enrolled in a Qualied High Deducible Health Plan to be eligible

Health Savings Accounts are with a banking institution; sometimes your employer chooses the bank and sometimes you choose the bank.

Must use the funds on qualied medical expenses for you and your tax dependents only

There are eligibility requirements and circumstances that could make you ineligible.

There are annual maximum contribution limits based on who you cover on your plan and your age.

You are responsible for using the funds appropriately and for saving your receipts.