Healthcare costs can add up quickly. In fact, the average American household spent nearly $5,000 per person on healthcare last year. +, couples that plan to retire this year are slated to spend more than $380,000 on healthcare during their retirement. Where does that money come from? It’s important to answer that question early in order to best prepare for future expenses. At 元素, we’re here to support your savings goals and help you adequately plan for the future.
What is a 健康储蓄账户?
健康储蓄账户, 或保险公司, is a government-approved deposit account dedicated to saving for current and future medical expenses, while also reducing your taxable income. 资格, you must be enrolled in a qualified high-deductible health insurance plan and cannot be currently enrolled in Medicare. Additionally, you cannot be claimed as a dependent on another person's tax return.
贡献你的HSA
There are limits to how much you can contribute to your 健康储蓄账户, 设置为政府. As of April 22, 2021, these were:
- 家庭:7200美元
- 个人:3美元,60
- Seniors (55+): Extra $1,000
Remember that money in your HSA carries over from year-to-year.
用你的保险公司
With 元素, you can use your HSA debit card at retailers coded as a medical merchant by VISA. This includes point of sale at retailers like pharmacies, online sites for qualified health-related items, and 账单支付ments to medical providers.
Many HSA accountholders use their funds for doctor and hospital visits, vision exams and treatments, 牙科工作, 实验室测试, prescriptions and chiropractic care. While those are common uses, HSAs can be used for things like sunscreen, 超声波, 医疗警报手镯, alcoholism and drug treatments, and nursing homes – among many other qualified expenses.
When looking for medical services, the Health Care Blue Book is a free consumer guide to help you determine fair prices in your area for health care services. Another resource is HSAStore.com – which is the only site exclusively focused on health savings accounts and an easy way to shop for eligible products.
税收和你的HSA
HSA contributions are made pre-tax. The consumer does not pay taxes on the growth of the account. When money is taken out, withdrawals are tax-free if being used for eligible expenses. Since your HSA contributions do not count toward taxes, you are taxed as if you make less income.
65岁以后, your HSA withdrawals are taxed just like an Individual Retirement Account (爱尔兰共和军) with no penalties for non-qualified expenses. +, you can use HSA money tax-free for your Medicare premiums.
重要的注意事项
元素 gives you the opportunity to invest your HSA with TD Ameritrade. You have the option to purchase stocks, bonds and thousands of mutual funds. This service comes with online access to real-time data, 可定制的图表, and one-click integrated trading.
You do not have to pay taxes on the investment earnings from your HSA dollars. The sooner you start investing, the more your money will grow and compound. This is a great place to invest for medical expenses incurred during your retirement.
元素 additionally provides members with an HSA portal online. You can use this to keep track of your HSA receipts in one spot, find tools such as the HSA Blue Book – all with easy access from our 哪个赌钱app比较好 and 手机应用程序.
Saving for the future is important. Consider your strategy for unexpected medical bills or future long-term care needs. 元素 is here to support you with a 健康储蓄账户 or any financial advice you might need to improve your life!
元素 does not provide tax advice or serve as your tax advisor. Sources: CNBC | Motley Fool
This information is provided for informational purposes only. It does not constitute legal, tax or financial advice. Consult with your tax, legal or financial adviser before taking any action.
