People are primarily concerned with how to access their funds, how to reimburse themselves for medical costs and what kinds of expenses are HSA-eligible.
What is the downside of an HSA?
Your employer may offer one, but you can also check with a local bank or credit union most of them have an HSA option. Whichever one you choose will become your HSA administrator.
Is having an HSA worth it?
It is generally better to max out your hsa, and leave it to invest and grow. Its a rare investment vehicle that is triple tax advantaged: goes in pretax from pay check, grows tax free, comes out tax free.
Can I put my HSA in my bank account?
Quickly and easily access funds with the HSA Bank Health Benefits Debit Card used at point of sale, or have funds directly deposited to a bank account through online distribution.
Who is an HSA not good for?
HSA is generally a bad idea if you have a lot of health expenses or prescription costs. HSA requires you to have high deductible healthcare plans, so often it makes sense to get higher tier plans if you have health issues.
An employee, an employer or both may contribute to an HSA. Employee contributions can be made through payroll deductions on a pre-tax basis. You can also make a deposit to your HSA account at a local BMO Harris Bank with after-tax dollars.
Related links
health savings account (hsa)
Contact a BMO Harris Banker at 1-866-472-4632 or visit any BMO Harris branch for details. What happens if the money in my HSA is not used to pay for medical
Unlike some healthcare plans, your Health Savings Account. (HSA) account balance can be carried over from year to year. Plus, an HSA may provide tax-advantaged
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