Health Savings Accounts
Why You Should Consider a Health Savings Account (HSA)
A Smarter Way to Pay for Health Care—and Save for the Future
Healthcare costs aren’t going down anytime soon, and managing those expenses wisely is more important than ever. That’s where a Health Savings Account (HSA) comes in. An HSA is more than just a way to pay for medical expenses—it’s a powerful tool for saving money, reducing taxes, and building financial flexibility.
💡 What Is a Health Savings Account (HSA)?
An HSA is a tax-advantaged savings account designed to help individuals and families pay for qualified medical expenses using pre-tax dollars. But it’s much more than that:
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You own the account—not your employer or your insurance company
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The money rolls over every year—no “use it or lose it” rules
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The funds are portable—your HSA goes with you even if you change jobs or retire
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It grows tax-deferred, and you can invest the balance for future use
To open an HSA, you must be enrolled in a High Deductible Health Plan (HDHP), a type of insurance that covers major medical expenses while allowing you to pay everyday healthcare costs with HSA funds.
🚀 Why an HSA Is One of the Smartest Financial Tools Available
With an HSA, you get a triple tax advantage:
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Contributions are tax-deductible
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Earnings grow tax-free
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Withdrawals for qualified medical expenses are tax-free
Plus, after age 65, you can withdraw funds for any reason without penalty—just like a retirement account (you’ll only pay ordinary income tax on non-medical withdrawals).
✅ Use It for a Wide Range of Qualified Expenses
Your HSA can be used for much more than doctor visits:
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Prescription medications
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Dental care and orthodontics
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Vision exams, glasses, contacts, and even LASIK surgery
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Mental health services
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Physical therapy
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And much more
[See the full list of eligible expenses →]
💼 Who Should Consider an HSA?
An HSA is ideal for:
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Individuals or families who want more control over their healthcare spending
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People looking for tax savings and investment opportunities
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Anyone enrolled in a High Deductible Health Plan (HDHP)
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Healthy individuals who want to build a healthcare nest egg for the future
Take Control of Your Health—and Your Finances
A Health Savings Account offers a rare combination of flexibility, control, and long-term benefits. It’s one of the most powerful—and underutilized—financial tools available today.
📞 Want help choosing the right HDHP or setting up your HSA? Call us today at (520) 721-4848.
Let us help you make the most of your healthcare dollars.
