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Improving Your Financial Life

Blog > 2010 > April > Earn Interest On Your HSA!
April 22, 2010

Earn Interest On Your HSA!

by admin

medical savings accountThe funds in your HSA account can also earn interest and the earnings are tax free if the money is used for medical purposes. An individual account can also be assigned to the spouse through a power of attorney.

If you don’t withdraw the money from your bank health savings account the funds can grow from year to year and the entire amount of money is yours. There is no maximum limit to the amount of money that can be in the account.

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