Save for healthcare expenses and get tax benefits, too.
- Competitive Dividends
- Tax Advantages1
- No Monthly Maintenance Fees3
Even though you have insurance, paying for healthcare — especially unexpected healthcare expenses — can wreak havoc on your finances. One way to be prepared for both routine and unexpected healthcare expenses is with a Health Savings Account.2
Here’s how it works: you make tax deductible contributions, up to your maximum limit, to the account and earn interest on your balances over $1,000.1 Then, you’re able to withdraw money from the account to pay for qualified medical expenses.1
The key word here is tax deductible. You see, in most cases contributions you make to your HSA could be tax deductible when April 15 rolls around.1 And you don’t have to pay taxes or tax penalties when you withdraw the money for qualified medical expenses, either.1,2
At Family Trust, we want to give our members every account option they need to prepare and protect themselves financially, and a HSA is one of those options. Because here, we you come first.
Here’s everything you need to know about our Health Savings Account:
- Earn dividends on balances over $1,000
- HSA contributions may be tax-deductible when filing your income tax return1
- Be in charge of your HSA assets
- No minimum deposit to open3
1. Consult a tax advisor.
2. There are rules that define an HSA-compatible HDHP; your insurance provider or employer should determine eligibility.
3. Must meet Membership and eligibility requirements to open account.