Health Savings Accounts

Health Savings Accounts

Health Savings Accounts (HSAs) were created by Public Law 108-173, the "Medicare Prescription Drug, Improvement and Modernization Act of 2003." Health Savings Accounts have and will continue to change the way millions meet their health care needs because they are designed to help individuals save for qualified medical and retiree health expenses on a tax-advantaged basis.

Amounts contributed to an HSA belong to the account holder and are completely portable. Funds in the account can grow tax-free through investment earnings, just like an IRA.

Funds distributed from the HSA are not taxed if they are used to pay qualified medical expenses. Unlike amounts in Flexible Spending Arrangements that are forfeited if not used by the end of the year, unused funds remain available for use in later years.

The Health Opportunity Patient Empowerment Act of 2006 enhanced Americans' access to tax-advantaged health care savings. The law, provides new opportunities for health savings account participants' to build their funds.

This and much more discussed in this continuing education seminar

Health Savings Accounts (Course #314838)
Held at: PSB, 22 East Willow Street, Millburn, NJ

Click on the button to register

June 25, 2010 9:00 AM - 12:00 Noon $59

You will receive 3 New Jersey Insurance Producer Continuing Education Credits upon hcompletion of this class