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Take charge of your health care spending save smart it's easy with an option bank health savings account or HSA an HSA is used to save for qualified medical expenses for you and your eligible dependents both now and in the future it works like a regular bank account however an HSA has big tax benefits in fact in most cases there are three ways in HSA helps you keep your money in your pockets and out of Uncle Sam's first generally you won't pay federal income tax on money you deposit into your account keep in mind the IRS sets limits on how much you can contribute each year second you won't pay income tax on money you use for qualified medical expenses that includes vision and dental expenses and third your savings grow income tax-free helping you create a nice little nest egg for retirement more good news with an HSA there's no use it or lose it rule that means the money in your account is yours to keep even if you change jobs or health plans whose eligible for an HSA the main requirement is that you're covered under a qualifying high deductible health plan or DHP, although there are additional requirements defined by the IRS so don't wait if you don't already have an HSA open one if your HSA is already up and running contribute to it start taking charge of your health care saving and spending with an optimal health savings account an easy way to save smart Music
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