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thank you

2007-03-28 03:26:56 · 3 answers · asked by Lynda 1 in Business & Finance Taxes United States

3 answers

A Health Savings Account (HSA) is an account where you put aside tax free money to pay medical bills without counting it as income then either. Unused money remains in the account from year to year, and you can use it like an IRA at retirement time.

Your medical insurance plan has to meet certain requirements to have an HSA. Once you have it, you can deduct what you put in it.

Ask your HR department at work or your medical insurance provider about setting up an HSA, if that is your question. If your question is getting the info about your (existing) HSA, such as how much you put in, ask the HSA administrator if you don't have good records yourself. I would think they would send you statements.

2007-03-28 04:14:13 · answer #1 · answered by CarVolunteer 6 · 0 0

First, call your insurance provider or HR department and find out if your insurance qualifies for a Health Savings Account. If it does, you can go to HSA bank or search on the Internet for a bank that will open a HSA for you.

http://www.hsabank.com/

Some insurance providers have affiliations with banks already, you can ask about that as well.

You have to open and fund the account by April 17 to get a deduction for 2006.

2007-03-28 07:07:25 · answer #2 · answered by ninasgramma 7 · 0 0

If you mean where can you get an savings acoount for your income tax return, your bank should be able to assist you with that. If you are asking where can you get taxes taking out of your income to go towardsa a health plan that is something you have to check and see if your employer even offers. I am unsure of the nature of your questions but I am trying to help.

2007-03-28 03:34:00 · answer #3 · answered by badd_miami_bbw 1 · 0 1

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