Print Share


Improving Your Financial Life

Blog > 2010 > April > Why Have A Medical Savings Account?
April 28, 2010

Why Have A Medical Savings Account?

by admin

learning about moneyA medical savings account Indianapolis will help you save money for medical expenses. You can open a medical savings account in the local credit union of Indianapolis.

The funds deposited in an HSA in Indianapolis are tax deductible and in certain cases the state may offer a higher tax deduction based on the tax structure prevalent in that state.

In order to qualify for a medical savings account you must have a high deductible health plan, which has nearly 20% to 50% lower premiums and this depends on the place of your residence.

All these reasons make opening a medical savings account with a local credit union a very good financial decision.


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