A Health Savings Account (HSA) is a tax-advantaged savings account designed to help individuals pay for qualified medical expenses. HSA contributions do not have to be spent in the year funded and usually can be invested. This allows the HSA account to grow over time. Since Health Savings Accounts are funded with pre-tax dollars, grow tax-free, and allow tax-free withdrawals for qualified medical expenses, these are the most tax efficient savings vehicles available under the U.S. tax code.
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A Health Savings Account (HSA) is a tax-advantaged savings account designed to help individuals pay for qualified medical expenses. HSA contributions do not have to be spent in the year funded and usually can be invested. This allows the HSA account to grow over time. Since Health Savings Accounts are funded with pre-tax dollars, grow tax-free, and allow tax-free withdrawals for qualified medical expenses, these are the most tax efficient savings vehicles available under the U.S. tax code.
Important Disclosure
Contact Us
Thank you! Your submission has been received. A member of the Pinnacle team will be in touch shortly.
Oops! Something went wrong while submitting the form.