Health Savings Accounts. Are they the new tax free 401K? Most people do not utilize and realize the full advantages of these plans.
Contributions go in tax free, grow tax free and come out tax free. It is allowable to direct your investments in a Health Savings Account. You can day trade or invest in real estate once you have properly set up the accounts.The only requirement is for any money leaving to be spent on health care related expenses.
Our most popular Health Savings Account plan can be started here, To sign up immediately click on this link https://www.hsaresources.com/apply/?aid=HSA4311
Here are 20 great reasons for 2014 to open an Health Savings Account,
#1 save money, deduct up to $8,250 on your 2014 tax return. Possibly even more than your deductible amount.
#2 Cut your current insurance costs, High Deductible Health Plans can be significantly cheaper than low deductible plans. The savings, put into an HSA, can be used to cover your entire medical expenditures for the year or better yet rolled over and saved for future years.
#3 Pay for eligible medical expenses tax free, If you have an HDHP you must open your HSA before you incur any medical expense if you want to pay for the expenses with your HSA.
#4 No "use it or lose it' provision There is no need at the end of year to spend everything in your health care account.
#5. Take a full deduction even if you start mid-year $6,250 for family, $3,100 single.
#6. Transfer money from your I.R.A. into your H.S.A. Must be done by Trustee to Trustee.
#7. Take control over your medical spending H.D.H.P.s and H.S.A.s give you more control over your spending.
#8.Keep your medical expenses private in 2013, H.S.A. does not share your medical receipts with your employer.
#9. Start earning interest H.S.A. pays interest on all checking account balances.
#10. Invest your H.S.A. assets in Stocks,Mutual Funds or different classes, some rules apply
#11. No money? Start your program for only $25.00
#12. Simplify your life, stop submitting receipts use a debit card or checks to pay for expenses.
#13. Check your balance online or with mailed quarterly statements
#14. Start your clock, opening your H.S.A. will now allow you to use your H.S.A. to pay for expenses after you have established your H.S.A.
#15. Get Dental, Vision, Prescription drugs and other eligible medical expenses paid in 2012 tax free
#16. Open an H.S.A. for your family even if your spouse is under a different medical plan. you can use your H.S.A. to pay for family medical expenses
#17. Pay for medical expenses separately and reimburse yourself from your account.
#18. Start getting the service you deserve, real people trained in H.S.A. 9:00 to 5:00pm Central Standard Time to assist you.
#19. Are you an employer? Employers save even more in health care costs combining H.S.A. with H.D.H.P.
#20. Start accumulating for retirement H.S.A. programs are treated basically the same at age 65, use for long term care or medicare.
Call The401Kman toll free at 877-775-0812 or click on our Contact Us tab above to submit your question via E-mail or request a call at a time of your convenience through our appointment calendar.