Transform your pre existing conditions into financial advantages
Tax Benefits and Health Savings Accounts (HSAs)
Tax benefits are another avenue to explore. Individuals with high-deductible health plans can open Health Savings Accounts (HSAs). Contributions to HSAs are tax-deductible, and withdrawals for qualified medical expenses are tax-free2. This can provide a significant financial advantage, allowing you to save money while covering medical expenses. Additionally, funds in an HSA roll over year to year, providing a long-term savings strategy for healthcare costs.