Sentences with phrase «future qualified medical expenses»
A Health Savings Account (HSA) allows you to pay current and future qualified medical expenses, including retiree health expenses, on a tax - free basis.
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The Health Savings Account (HSA) allows you to set aside pre-tax dollars to pay for current or future qualified medical expenses, similar to flex - spending accounts.
These contributions can accumulate tax free and can be withdrawn tax free to pay for current and future qualified medical expenses, including those in retirement.4 An HSA balance can remain in your account from year to year, and you can take it with you should you switch employers or retire.
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An HSA can be used not only to pay out - of - pocket qualified medical costs, and save for future medical expenses, but also allows your unused savings to accumulate from year - to - year, and ultimately be used in your retirement!
Use the funds to pay for qualified medical expenses or save money in your account for future needs.
A Health Savings Account allows individuals to pay for current health expenses and save for future qualified medical and retiree health expenses on a tax - free basis.
The money could also be used tax - free to pay for qualified medical expenses in the future, including some Medicare and long term care insurance premiums.