Health Savings Accounts, or HSA's, are a great way to save tax-free money to use for qualified health expenses such as prescriptions, meeting your deductible or even glasses and contacts. Not only is it a great way for you to save money, it is also the vehicle by which the Conference contributes first dollar support to help offset the high deductible. That's right, each January and July an amount of $500 for single plans and $1,000 for family plans will be deposited in your HSA account for an annual amount of $1,000 or $2,000, respectively. HSA qualified expenses are determined by the IRS so care should be taken to use those funds accordingly. Below is a link to IRS publication 969 which outlines, in detail, how much you can contribute, how to use your HSA and what services and products can be purchased through an HSA.
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