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.