Print Share

Blog

Improving Your Financial Life

Blog > 2009 > April > Health Savings Accounts Can Provide Tax ...
April 15, 2009

Health Savings Accounts Can Provide Tax Savings

One of our most successful products at the credit union is our health savings account. Since today is Tax Day, I wanted to point out how an HSA can contribute to your tax savings. HSAs provide tax deductions when you contribute to your account, tax-free earnings through investment and tax-free withdrawals for qualified medical expenses.

Any adult can contribute to a health savings account if they have coverage under an HSA-qualified High Deductible Health Plan, have no ther first-dollar medical coverage, are not enrolled in Medicare, and if they cannot be claimed as a dependent on someone else's tax return.

Financial Center has the best health savings account in Indianapolis, and we can help you open one today. Give us a call at 317.916.7700 to get started or visit any of our Center locations.

Your savings federaly insured to at least $250,000 and backed by the full faith and credit of the United States Government: NCUA, Equal Housing Lender, ESI