Year-end Health Savings Account Strategies

Are you looking for some inside information on health insurance? Here’s an up-to-date report from health insurance experts who should know.

2006 is just around the corner, and there are several issues to consider if you currently have a Health Savings Account, or are planning on getting one in 2006. Contribution Limits and Deadlines 100% of the deposit you place in your HSA is deductible on your federal income taxes. All but a handful of states also make HSA contributions tax-deductible on state income taxes. If you are looking to reduce your 2005 tax burden and/or put away more money for retirement, your HSA is…

So now you know a little bit about health insurance. Even if you don’t know everything, you’ve done something worthwhile: you’ve expanded your knowledge.

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