Celebrating 20 Years of Health Savings Accounts
Benefit Resource Inc.
DECEMBER 8, 2023
The idea was to combine a high-deductible health plan (HDHP) with a tax-advantaged savings account, allowing individuals to set aside pre-tax dollars for qualified medical expenses. Contributions are tax-deductible, earnings grow tax-free, and withdrawals for qualified medical expenses are also tax-free.
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