Health Savings Accounts
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A
Health Savings Account, or HSA, is a tax-advantaged account that
allows an individual to accumulate funds to pay for current and/or
future medical expenses. Contributions into the HSA are
tax-deferred, earnings grow tax-free and when used to pay for
qualified medical expenses, distributions are not taxed. Combining
the cost efficiencies of a High-Deductible Health Plan with a
savings and investment account, HSAs give individuals/families an
opportunity to accumulate a significant amount of funds and manage
healthcare expenses today and into retirement.
Features of FlexHSA
Millennium Trust offers HSAs to individuals and companies
directly, and through networks of professional advisors, benefit
experts and consultants. Millennium Trust performs the duties of a
custodian and, as such, does not provide investment advice or sell
investments, nor offer any tax or legal advice.
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