Blog

We keep you up-to-date on the latest tax changes and news in the industry.

Video Tips: You Might Consider a Health Savings Account

Tax-favored health savings accounts (HSAs) can only be established by eligible individuals who are covered by a high-deductible health plan (HDHP) and not covered under any other health plan which is not an HDHP, unless the other coverage is permitted insurance or coverage for accidents, disability, dental care, vision care, or long-term care. Eligible individuals may, subject to statutory limits, make contributions to HSAs, and employers, as well as other persons (e.g., family members), also may contribute on behalf of eligible individuals. (Code Sec. 106, Code Sec. 223)

Share this article...
Let Us Help Get in touch
Enter your question below and a someone will get right back to you via text message.
Please fill out the form and our team will get back to you shortly The form was sent successfully