Judul : Bank Of America Health Savings Account
link : Bank Of America Health Savings Account
Bank Of America Health Savings Account
hi, my name's pam. i'm here to tell you about bank of america'shealth savings accounts, also known as hsas. if you have a high deductible health plan,an hsa lets you put away money for out-of-pocket expenses like doctor visits, dental or visioncare, and prescriptions. but an hsa is more than just a savings account.it's a really super-charged way to save money
Bank Of America Health Savings Account, on health expenses and invest in your future. hsas are powerful because of their uniquetax advantages: the potential for tax-free contributions, tax-free gains, and tax-freewithdrawals. together, these tax advantages help you keepmore of your hard-earned money.
here's how: because contributions to hsas can be madepretax, every dollar you put into an hsa is a dollar saved. for example, if you contribute $75 from yourweekly paycheck to an hsa for 12 months, in just one year you'll put away three-thousandnine hundred dollars for your family's health expenses. without a health savings account, this $3,900would be taxed like regular income, and these taxes could cost you $975 or more. the next advantage of an hsa is that any gainsyou have would be tax-free.
this benefit lets you keep 100% of any moneyyour hsa savings or investments earn. so if your account sees even a modest rateof return, the gains can really boost the amount of money you have to cover health expenses. tax-free contributions. tax-free gains. these two tax advantages turn an hsa intoa powerful savings tool. and remember, those aren't the only tax breaksyou can get with a health savings account from bank of america. hsas from bank of america can also benefityou with tax-free withdrawals on qualifying medical expenses.
so when it comes time to use the money inyour health savings account to pay for a doctor's visit, vision care, or prescriptions, youwon't pay taxes on the money you withdraw. the benefits of a health savings account throughbank of america aren't just tax-related, either. there are no use-it or lose-it provisionswith hsas, which means you keep all the money left in your account at the end of the year. and hsas are portable, so they can go withyou wherever you go. if you change health plans or retire, youstill have your hsa and you can keep using it to save on health expenses. save it. use it. never lose it.
a health savings account gives you the powerand control to do all three. and with bank of america, you'll discoversimple ways to manage your hsa and do more with your money. bank of america gives you a free hsa debitcard, a secure online portal and a handy mobile app, so paying for your health expenses andkeeping track of your account are simple. to really give your money an opportunity togrow, bank of america gives you access to a range of mutual funds for investing themoney in your hsa. and there are no account or transaction fees for these mutual funds. check our website for tools, calculators,and information that will help you learn more
about how bank of america's health savingsaccount can benefit you. when you consider all that a bank of americahealth savings account can do, you'll see that it's a smart and convenient way to saveon your health expenses and invest in your future.
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