A health savings account (HSA) is a tax-advantaged medical savings account available to people enrolled in a high-deductible health plan (HDHP). The tax benefits of an HSA make it an attractive way to save for current and future medical expenses.

Benefits of an HSA

• Contributions are tax deductible
• Earnings grow tax-free
• Distributions are tax-free if used for qualified medical expenses
• Unused balances roll over year to year
• Balances can be invested
• Annual contribution limits apply

To learn more about HSAs, please call our office at 864.288.2849 or submit a contact form.