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Improving Your Financial Life

Blog > 2010 > April > Curious About a Health Savings Account?
April 21, 2010

Curious About a Health Savings Account?

by admin

medical savings accountA health savings account plan will help take care of all your health care needs. Contributions that you make to this account are tax free and are subject to certain restrictions.

You can check the various plans that are available and choose the one that best suits your individual requirement. The features of the plan may vary due to your age, previous medical history and place of residence. There are different plans for various places of residence.

Even when you change your employer, your funds in your health savings account will continue to remain with you. The contributions to the fund if not utilized will help you earn interest on it.

You can even do tax planning with your health savings account plan. Banks, credit unions, insurance companies and other financial institutions are authorized to operate and open these accounts for individuals and families.

Category: FCFCU
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