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White Mountain Financial
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Health Savings Account (HSA)

HSA plan designs are a way to "pay yourself" rather than pay premiums to an insurance company ("pay yourself" through an HSA). For example, instead of the high premium of a $250 deductible medical plan, you can get a lower-priced $5000 deductible and use the premium savings to fund an HSA and pay for medical expenses with tax-free dollars while also reducing your taxable income. 


There are two parts of an HSA plan design: 

Part 1: The HSA-qualified medical plan

You'll need to have a qualified health insurance plan that meets federal parameters.

Part 2: The HSA

In order to pay for medical expenses with tax-free dollars and reduce taxable income, you'll need an HSA. This can be established with a financial institution of your choosing, though we strongly recommend HealthEquity for their member support and user-friendly platform.

What is an HSA?

HSA: The new retirement strategy

HealthEquity HSA (pdf)Download
HealthEquity Investment Guide (PDF)Download

HSA contribution limits


IRS Qualified Expenses

Open an HSA with HealthEquity

Employers

Let us know if you'd like to sponsor an HSA for your employees

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