Business Owners Resource Network

February 18, 2009

A Prescription for Wellness; HSA’s

Filed under: Employee Benefits — michellehodges @ 11:02 pm

Health Savings Accounts or HSA’s as you might have heard them called…Scary, maybe at first until you grasp the fundamental concepts.  HSA’s allow you to set up a tax-deductible account to pay for medical expenses that are not covered by your health insurance.   For example you can use your HSA funds to pay for your glasses, contacts, dental needs, some over the counter medication, etc.  And since few health insurance plans cover expenses like homeopathy, acupuncture, or chinese medicine many Americans are paying for these alternative therapies out of their own pocket.  With an HSA, these expenses are 100% tax deductible when paid for through a health savings account. 

Humana has put together a great little video on YouTube…check it out!

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