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What is a HSA?

A Health Savings Account is an individual account set up for the purpose of paying qualified medical expenses. Contributions to it are tax deductible. The income it earns is tax deferred and qualified medical expenses can be paid tax-free using an HSA. And once you've saved enough in an HSA to cover your deductible, any additional savings can be used to take advantage of more attractive investment opportunities like IRAs or mutual funds.

When you need money to cover a qualified medical expenses, it's there in your HSA to use at any time. This means that you can compare health care quality and costs to get the care you need at a price you're willing to pay. Once a service has been provided, payments can be easily made using funds from your personal HSA account.

EXAMPLE

Assume you participate in your HSA for a three year period.  You have deposited your maximum each year which would be (In this example $1000 per year for a total of $3000.  Lets further assume that you are in good health and have only incurred medical expenses of $1000.  This leaves you with $2000 dollars that could possibly be converted into retirement income similar to an IRA.  Yes that's right, your medical savings funds can (over the years) and (If not used) be used somewhat like an IRA and assist you with your retirement.

TAKE ADVANTAGE of this NEW CONCEPT TODAY !

By utilizing a high deductible HSA plan you can reduce your medical expenses by sometimes as much as 40%.  With these savings as explained above you can actually cover your own expenses and in many instances have $$$'s left over to fund a portion of your retirement.