Fact Based List:
GoHealth: Five Steps to Opening a Health Savings Account
Submitted by jryan@mcol.com on Mon, 04/22/2013 - 11:35
- Learn the basics. An HSA is a savings account available to American taxpayers who have health insurance coverage under a high-deductible plan.
- Find out if you are eligible. To be eligible to open an HSA, you must: Be covered by an HSA-compatible health insurance plan with a high deductible and not enrolled in Medicare.
- Get real about your budget. In order for an HSA to be beneficial, you have to have funds to contribute in the first place.
- Choose how to enroll. While you can enroll in an HSA on your own at any time, they are often available through your employer during their open enrollment period.
- Start contributing. For 2013, the maximum amount an individual can add to an HSA is $3,250. Families can contribute a maximum amount of $6,450.
Source: GoHealthInsurance
Source URL: http://www.marketwatch.com/story/gohealth-five-steps-to-open...
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