Health Savings can be a Tax Shelter

May 5, 2009 No comments yet

An IRA-like fashion, investors can build tax-sheltered nest eggs to cover out-of-pocket medical costs.  The accounts are designed in part to help consumers pay for health expenses until insurance benefits kick in. Uses for accounts: The new Health Savings Accounts provide a broad range of tax-free withdrawals including: Doctors, Dentists and Hospitals Artificial Limbs Drugs [...]

HSA’s: A Good Way to Go?

May 5, 2009 No comments yet

Health Saving Accounts, first allowed in 2004, combine high deductible medical insurance with a side fund that provides a tax deduction for contributions, tax-deferred investment growth, and tax free ultimate dispersal, provided funds are spent on qualified medical expenses. In 2006, an individual is responsible for the first $1,050 to $2,700 of expenditures ($2,100 to [...]


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