Five Reasons To Have An HSA

1. Tax Savings.

Federally Qualified* HSA contributions can be deducted from your gross income on your federal tax return, even if you do not itemize deductions.

Many states also allow the deduction from state income taxes.

2.  Earned Interest.

Funds left to accumulate in your HSA can grow with tax-deferred interest earning.

3. Reduced Insurance Premiums.

Your insurance premiums are usually lowered by 20%-40% when you change from a low deductible to a high-deductible plan.

You can use these savings to fund your HSA.

4. Portability.

Even if you change jobs, your HSA funds go with you.

You own your account.

5. Long-Term Savings.

You can choose to let the funds in your account grow tax-deferred.

After age 65, you may make withdrawals from your HSA for any reason without a penalty. (You will pay income tax on non-medical withdrawals.)

Individual Savings HSA Growth Over 30 Years		Family Savings HSA Growth Over 30 Years
$56,141	$85,305	$138,530	$196,858
Medical Expenses $500/year	No Medical Expenses	Medical Expenses $1,000/year	No Medical Expenses
Based on a maximum yearly Contribution of $1,462.50 With a 4% interest rate.	Based on a maximum yearly Contribution of $3,375.00 With a 4% interest rate.

* Federally Qualified HSA: To have a Federally Qualified HSA, you must purchase and maintain a high-deductible insurance policy and you cannot be covered by another low-deductible insurance policy.

* Note on compliance with your health plan: This Internet site describes services and benefits of the American Health Value HSA Account, which are subject to change without notice.  It is not intended to provide legal, health, or tax advice.  Consult your own legal, medical, and tax counsel for guidance on issues that may be affected by your specific circumstances.

* Please note the conditions of your plan: If you intend to use the American Health Value HSA to pay your deductible or other services covered under you health care plan, we strongly recommend that you always comply with the conditions of your plan, including pre-certification requirements.