Phil's Personal Finance Tip of the Day:
FAQs About Health Savings Accounts
As employers search for ways to lower their health care costs, they’re encouraging employees to sign up for a high-deductible health insurance policy paired with a health savings account. An HSA gives you a triple tax break: Your contributions are sheltered from income taxes, the money grows tax-deferred, and the funds can be withdrawn tax-free for medical expenses. It’s like a supercharged flexible spending account that never expires, and it can even serve as an extra retirement-savings fund. Most employers also add a few hundred dollars to the accounts each year as a bonus. Below we answer your questions about how HSAs work and how to make the most of them.
Read more at http://www.kiplinger.com/article/insurance/T027-C000-S002-health-savings-accounts.html#agipOlH3cOqSkbSv.99
Inspirational Quotes@Inspire_Us from Twitter:
Hi my name is Philip J. Miano and I am the founder of PJM Personal Finance and Productivity Coaching specializing in Budgeting, Debt Reduction, Bank Reconciliations, Goal Setting, Time Management, and Organizational skills. Please visit my website: http://pjmcoaching.com
Read more at http://www.kiplinger.com/article/insurance/T027-C000-S002-health-savings-accounts.html#agipOlH3cOqSkbSv.99
Inspirational Quotes@Inspire_Us from Twitter:
Tell me and I forget. Teach me and I remember. Involve me and I learn. - Benjamin Franklin
Hi my name is Philip J. Miano and I am the founder of PJM Personal Finance and Productivity Coaching specializing in Budgeting, Debt Reduction, Bank Reconciliations, Goal Setting, Time Management, and Organizational skills. Please visit my website: http://pjmcoaching.com
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