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Improving Your Financial Life

Blog > 2010 > April > Why Worry about HSA Savings?
April 22, 2010

Why Worry about HSA Savings?

by admin

medical savings accountHSA accounts can be used to supplement you current health insurance coverage and allow you to make substantial savings on your health plan. There are a number of plans that are available and factors like age, previous medical history and area of residence that will determine the features of the plan.

You can choose the best HSA plan available depending on your individual needs and requirements. If an individual makes contributions on a yearly basis and does not use the funds saved, then the HSA savings will accumulate over the years. This money can be utilized to invest in stocks, bonds and mutual funds.

These funds can be used for qualified medical expenses like visits to the doctor, eye doctor and dental care as well as for buying prescription drugs and over the counter medications.

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