PDF-Health Savings Account HSAWhat is an HSAAn HSA is a personal bank

SOF HSA FAQ v522 8558249284 Page 2 8558249284 Can I use the money in my HSA to pay for medical care for a family member Yes You may withdraw funds to pay for qualix00660069ed medical expe. Health Savings Account. Glastonbury Public Schools. May 6. ,. 2013. Presenter: Josh Steffenson. All sample values and calculations are according to GEA negotiated benefits. Dollar amounts for other bargaining units will vary.. Nothing in this communication is intended as legal, tax, financial, medical or marital advice. Always consult a professional when making life changing . decisions. It . is the members' responsibility to ensure eligibility requirements as well as if they are eligible for the plan and expenses submitted. . Health savings accounts (HSAs) are individual accounts offered by Optum Bank®, Member FDIC, and are subject to eligibility requirements and restrictions on deposits and withdrawals to avoid IRS penalties. Investments are not FDIC-insured, are not guaranteed and may lose value. State taxes may apply. Fees may reduce earnings on account. The information contained in this presentation is not intended as legal, investment, or tax advice. It is supplied for general educational purposes and with the understanding that Optum does not provide legal, investment, or tax advice. Please contact a competent legal, investment, or tax professional for personal advice on eligibility, investing, tax treatment and restrictions. State taxes may apply. Fees may reduce earnings on account. Federal and state laws and regulations are subject to change. . 2. HealthEquity webinar series:. Health savings account basics. Tips to maximize your HSA savings. HealthEquity member portal overview. www.healthequity.com/webinars. Winning with an HSA. 3. HealthEquity, Inc., does not provide legal, tax, financial or medical advice. Always consult a professional when making life changing decisions. . This presentation is adopted from a presentation made in an advanced tax planning class as part of the curriculum for my Master’s in Tax & Financial Planning at San Diego State University. Although it highlights many of the HSA basic concepts, it is actually designed to focus on a little known “secret” behind the HSA plan—the ability to by-pass the 7.5% AGI limitation required before most people can ever deduct any of their medical expenses. I hope you enjoy!. ). 2. Optum . Bank. ℠, M. ember FDIC. Established in 2003. Subsidiary of Optum – . owned by UnitedHealth Group. Deposits are insured by the FDIC up to $250,000. Focuses solely on health care banking. Date. What is a Health Savings Account (HSA)?. Pre-tax . benefit account that works a lot like a . 401(k). Set aside pre-tax money. Pay for everyday health expenses today. Save for future healthcare . The balance in your HSA is insured by the Federal Deposit Insurance Corporation FDIC Account Holder Information x0000x0000iiwVViiiV-VVivx0000First NameMILast NameSocial Employee ID and Employer if app Bobbi Hanigan . Union Bank & Trust Company. Benefits of an HSA . You see the true cost of medical care and have better control over how your dollars are spent. Funds roll over from year to year. 2. Why HSAs?. Easy win in today’s complex health care system:. Save now:. Lower monthly insurance premiums. HSA deposits aren’t taxed. Typically lowers income tax liability. Save for the future:.     ® About The HSA for Life A Health Savings Account (HSA) is a personal savings accou kindly visit us at www.nexancourse.com. Prepare your certification exams with real time Certification Questions & Answers verified by experienced professionals! We make your certification journey easier as we provide you learning materials to help you to pass your exams from the first try. kindly visit us at www.nexancourse.com. Prepare your certification exams with real time Certification Questions & Answers verified by experienced professionals! We make your certification journey easier as we provide you learning materials to help you to pass your exams from the first try. Insurance Orientation and Education. 2024. Health Savings Account (HSA). Savings Plan goes hand in hand with HSA.. Pay for out-of-pocket medical expenses, such as deductibles and prescriptions.. Funds are available as you contribute throughout the year..