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S U P P L E M E N TA L B E N E F I T S S P E C I A L I S T F O R Y O U R I N D U S T RY Health Savings AccountHealth Savings Account a Health Savings Account? Healthcare is constantly changing. With
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A health savings account (HSA) is a tax-advantaged account that individuals can use to save and pay for medical expenses.
Individuals who have a health savings account are required to report contributions, distributions, and other relevant information on their tax return.
Individuals can fill out information related to their health savings account on IRS Form 8889 and include it with their tax return.
The purpose of a health savings account is to help individuals save for medical expenses and provide a tax-advantaged way to pay for those expenses.
Information such as contributions, distributions, and any other relevant transactions related to the health savings account must be reported on the tax return.
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