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Celebrating 20 Years of Health Savings Accounts

Benefit Resource Inc.

Introduced in 2003 as part of the Medicare Prescription Drug, Improvement, and Modernization Act , HSAs have evolved to become a crucial component of healthcare and financial planning strategies. Key Benefits of HSAs Tax Advantages: One of the main attractions of HSAs is their triple tax advantage.

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Celebrate 19 Years of Health Savings Accounts

Benefit Resource Inc.

The Medicare Prescription Drug, Improvement, and Modernization Act of 2003 replaced the old medical savings account system with HSAs. This kind of investment into HSA accounts can lead to tax breaks for employers and employees. Tax Benefits Of An HSA For Employers. Flexible Spending Options.

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What happens to HSA funds at the end of the year?

Benefit Resource Inc.

For many pre-tax benefit account holders, December marks the final month of benefit coverage in the current plan year. In 2003, Health Savings Accounts (HSA) were established, bringing forth a new pre-tax plan option that effectively eliminated the concerns over lost funds. You are in control.