Health Savings Accounts 101: Basic Operations, Plan Establishment, Eligibility & Contributions

A health savings account (HSA) is a special type of savings account. An HSA is a tax-qualified savings account that allows HSA owners to set aside money on a tax-sheltered basis to cover the cost of qualified medical expenses for themselves and other qualifying family members. These plans are growing in popularity and provide a trifecta of tax benefits, including tax-deductible contributions, tax-deferred growth, and tax-free distributions. HSA owners can either pay the expenses at the time they are incurred or, if they choose, reimburse themselves at some time in the future.

With all these features, an HSA paired with a high-deductible health plan (HDHP) offers a compelling alternative to traditional health insurance plans. This webinar will define an HSA, explain the eligibility requirements, and name the unique features and benefits. Further, it will dive into the funding and HDHP limits that will enable you to supply superb service to your HSA owners. Don’t miss this chance to learn the ins and outs of HSA accounts and up your game.