Your Guide to Health Savings Accounts
Health savings accounts can not only cover health care costs but also serve as a powerful tool for retirement planning.
In a new white paper, Brighton Jones advisor Tim Amen, CFP® offers an in-depth look at both the mechanics and potential benefits of health savings accounts (HSA):
“As health insurance costs have continued to increase, more individuals and employers have shifted from co-pay health care plans to lower-premium, high-deductible health plans.
“Many of these plans have the advantage of allowing participants to offset the higher deductible cost with the ability to utilize a health savings account for pre-tax or tax-deductible contributions and tax-free withdrawals for qualified medical expenses.”
The guide covers a number of key questions and topics, including:
- Who is eligible?
- Contributions
- Distributions
- Beneficiaries
- HSA for retirement planning
Explore the full white paper:
More Than Meets the Eye: Your Guide to Health Savings Accounts
