New data reveals that the average American doesn’t have enough savings to cover a $1K emergency. When faced with this dilemma, most Americans use their credit card to pay for these costs (health or otherwise).
Save Money on Healthcare Costs
This creates a 25% (assumed pre-tax payroll contributions with at least 25% state and federal tax savings) price savings for qualified out-of-pocket medical expenses when you use your HSA.
Disclaimer: the content presented in this article are for informational purposes only, and is not, and must not be considered tax, investment, legal, accounting or financial planning advice, nor a recommendation as to a specific course of action. Investors should consult all available information, including fund prospectuses, and consult with appropriate tax, investment, accounting, legal, and accounting professionals, as appropriate, before making any investment or utilizing any financial planning strategy.