Health Savings Accounts – HSAs
HSAs are interest-bearing savings tools with many features similar to IRAs, but give your employees the opportunity to pay their medical expenses with tax-free money. Employees generally are eligible for an HSA if they are covered by a high deductible health plan (HDHP), not covered by any other health plan (with limited exceptions), not enrolled in Medicare, and not eligible to be claimed as a dependent on another person’s tax return. Please consult your tax advisor for additional tax information.
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