Low premiums, more options and greater control. At first glance, health savings accounts (HSAs) seem like a great new weapon in the war against rising healthcare costs, and for many people they might be.
For others, the benefits are far less clear, and for some, the option doesn’t exist at all.
To understand if an HSA is right for you, you’ll need to understand how an HSA works. Legislated into existence in 2003, HSAs are specifically designed to allow individuals with designated high-deductible insurance plans to receive tax benefits for healthcare-intended savings.
Check out our October edition of Avidia Monthly to read more about HSA's and other helpful articles!