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What are Health Savings Accounts (HSAs)?

2013-05-21 61 Dailymotion

http://www.ehealthmedicare.com/ <br /><br />A Health Savings Account, or HSA, is a voluntary program that creates an account that you can deposit money into for current and future qualified medical expenses for you and your family on a tax-free basis. <br /><br />This includes most medical care, dental and vision, long-term care expenses, and insurance. <br /><br />There is a maximum amount of money you can deposit into your HSA yearly, and this amount is determined by the Internal Revenue Service. <br /><br />You are eligible to open an HSA account if you have coverage under a High Deductible Health Plan, you are not enrolled in Medicare, or you are not considered a dependent on someone else's tax return. <br /><br />If you had an HSA before enrolling in Medicare, you can keep your account, however you cannot continue to contribute to your HSA after enrolling in Medicare. <br /><br />If you have additional questions regarding HSAs, please call the IRS toll-free assistance line at 1-800-829-1040. <br /><br />For more Medicare FAQs please visit: ht

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