About Health Savings Accounts
Health Savings Accounts were approved in December of 2003 and placed into effect January 1, 2004. Contributions are made into HSAs in which they may be invested. Contributions made by individuals, family members and employees are not taxed. Investment earnings grow tax-freeand distributions from HSAs used for qualified expenses are tax-free. In fact, if these funds are used appropriately, they will never be taxed. There is a limit on yearly contributions and individuals must qualify. They must be used in conjunction with a high deductible health plan. We specialize in HSA compatible health plans for individuals and small businesses throughout Northern California. Contact us to learn more at 877-670-7526 or contact us.
