Health Savings Accounts (HSAs)
A Health Savings Account (HSA) is a smart, tax-advantaged way to save for medical expenses while gaining more control over your healthcare dollars. At Zylinsky Insurance, we help individuals and businesses understand how HSAs can enhance their financial wellness and healthcare planning.
An HSA allows eligible individuals to set aside pre-tax money to pay for qualified medical expenses such as doctor visits, prescriptions, dental care, and vision services. Funds can be used tax-free when applied to these costs — and any unused balance rolls over year after year. Plus, HSA contributions can be invested, offering long-term growth potential.
To open an HSA, you must be enrolled in a high-deductible health plan (HDHP). Our team helps you evaluate your eligibility, understand contribution limits, and compare HSA options to ensure you get the most from your account. For employers, HSAs are an excellent way to empower employees with greater flexibility while reducing group healthcare premiums.
Whether you're saving for everyday medical costs or future healthcare needs in retirement, an HSA offers triple tax advantages: tax-deductible contributions, tax-free growth, and tax-free withdrawals for qualified expenses.
Let Zylinsky Insurance help you unlock the full value of a Health Savings Account. Contact us to learn more or get started today.
