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HEALTH SAVINGS

 

Requirements:

  • Coverage under a high deductible health plan.
  • No other first dollar medical coverage.
  • Not enrolled in Medicare.
  • Cannot be claimed as a dependent on someone else's tax return.

Benefits:

  • Protects you against high or or unexpected medical bills.
  • Offsets risk of moving to a high deductible health insurance plan.
  • Interest bearing.
  • Multiple tax benefits.

 

Cost:

  • None.

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