For those Warriors enrolled in a CleanSlate high deductible health plan, a health savings account or HSA, remains a great option for saving pre-tax dollars for qualifying medical expenses.
HSAs have three great features: Contributions are tax-deferred and you can invest the funds; their growth isn?t taxed; withdrawals used for qualified medical expenses aren?t taxed either. A triple tax break!
Take a look at this USA Today article, “HSAs are a triple tax break that can help fast track retirement savings,” to see how you can get the most out of your HSA.
Did you know you can change your HSA payroll deduction at any time by contacting People Services? You can view the contributions amounts allowed here: http://www.hsabank.com/hsabank/learning-center/irs-contribution-limits-and-guidelines
For questions about HSA enrollment or changing payroll deductions, email email@example.com.