Health Savings Accounts Frequently Asked Questions
A Health Savings Account (HSA) is a powerful financial tool that allows you to save money to cover medical expenses. With an HSA, you can invest and save for the future without being taxed on your account earnings.
The following questions will help you better understand how an HSA is an affordable health care solution for employers and employees. Contact us today to get expert advice about what coverage is right for you!
If I don’t have a job can I still have a health savings account?
If I don’t have any health insurance, can I still set up a health savings account?
What is a Health Savings Account?
Is there an advantage to an HSA over a healthcare flexible-spending account (FSA)?
Which is best, a health savings account or a flexible spending account (FSA)?
Did the Affordable Care Act (Obamacare) change HSAs?
If someone moves out of state, do they have to move the money in a Texas health savings account?
What happens to the HSA is someone switches jobs?
Can the HSA be used to pay for my health insurance plan?
- COBRA payments,
- Medicare premiums,
- Insurance premiums for someone over age 65, and
- Long-term care insurance.