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Improving Your Financial Life

Blog > 2010 > April > Want to Know how HSA Banks can Help?
April 16, 2010

Want to Know how HSA Banks can Help?

by admin

federal union credit cardThe biggest advantage of making contributions to HSA accounts is that the interest is totally tax free. If an individual does not want to spend the money that he/she has contributed to the account they can let it stay in the bank.

Health savings accounts banks allow withdrawals when you need it for retirement purposes as well. If an individual is over the age of 65 and wants to withdraw, then there is absolutely no penalty charged on it.

Many expenses that are not covered by health insurance policies are covered under the HSA plan. 

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