MyHealthSavingsAcct
201 North 5th Street
Murray, KY 42071
Toll Free: (877) 753-8485
Fax: (270) 753-8188
Email: customersupport@myhealthsavingsacct.com
www.myhelathsavingsacct.com
MyHealthSavingsAcct works with FDIC insured Banks to provide Health Savings Account administration for individuals.
All HSA Administration is provided by FDIC federally insured Banks, Insurance Companies or Licensed Third Party Administrators.
All amounts deposited into your HSA account are owned and controlled by you exclusively. You designate your beneficiary in case of death.
MyHealthSavingsAcct is established to provide the most user friendly and economical Account Administration and Tracking.
Your HSA Bank provides monthly accounting of your funds on deposit and
pay interest and/or earnings monthly.
They prepare any tax forms at the end of year for you and for the IRS.
They allow direct online access to your account balance at any time to check balances and request disbursement from, or make deposits to your HSA. Only you will have access to this information.
They allow convenient periodic deposits to your account at your direction through Electronic Funds Transfer.
Establishing a Health Savings Account helps you reduce your taxes, health care costs and accumulate funds for retirement. While at the same time providing investment options you choose, and reports in a form directed by the IRS eliminating accounting, dispersement tracking and tax form preparation for your conveyance.
This web site is not intended to provide investment, legal, health insurance or tax advice. This web site is for informational purposes only. MyHealthSavingsAcct recommends that you consult a specialist in all matters relating to investment, legal, health insurance or taxation.
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1. TAX SAVINGS
Federally Qualified HSA contributions can be deducted from your gross income on your federal tax return, even if you do not itemize deductions.
Many states also allow the deduction from state income taxes.
2. TAX DEFERRED INTEREST & EARNINGS
Funds left to accumulate in your HSA can grow with tax deferred interest and earnings.
3. REDUCED INSURANCE PREMIUMS
Your insurance premiums are usually lowered by 20%-40% when you change from a low deductible to a high-deductible plan.
You can use these savings to fund your HSA.
4. PORTABILITY
Even if you change jobs, your HSA funds go with you.
You own your account.
5. LONG-TERM SAVINGS
You can choose to let the funds in your account grow tax-deferred.
After age 65, you may make withdrawals from your HSA for any reason without a penalty.
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