Broker Check


Rising Healthcare Costs

| May 18, 2016


There’s no doubt that health care costs and insurance premiums continue to increase. The burden of paying for healthcare can weigh heavy on a   budget. To help keep costs down many employers and individuals are switching to high deductible health insurance plans.

If you have a high deductible health insurance plan then you may also want to consider a Health Savings Account (HSA).

There are several advantages to purchasing a health savings account:

Tax Savings.

  • It allows you to pay for out-of-pocket medical expenses using tax-free dollars.
  • Once the money goes into the account, it grows tax-free.
  • Money goes in pretax or contributions are tax-deductible.

Your Account Can Build Over Time.

  • Unspent funds can stay in your account from year-to-year. No fear of the “use or loose it” factor. You can even invest the money and earn interest on it.

Reference to the tax-free dollars refers to both state & federal taxes.


“He who has health, has hope;

And he who has hope, has everything.” 

— Thomas Carlyle



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