A Health Savings Account (HSA) is a great way to save pre-tax dollars for all kinds of healthcare expenses.
An HSA works like a checking account that’s just for qualified medical expenses — you make deposits into it like you would any other account, and then you withdraw the funds in-person, write a check, or use our special HSA debit card to pay for qualified healthcare expenses and receive tax benefits.1 You can also make transfers into the account and easily access your funds via online, mobile banking, and telephone banking.
You can choose a single or family program and use the money in your HSA to pay for qualified medical expenses allowed by federal tax law. This usually includes most medical, dental, hearing, and vision expenses, as well as prescription drugs. While Avadian can't offer you affordable healthcare, our HSA can take some of the sting out of the cost of healthcare.
1Please reference the Internal Revenue website at www.irs.gov to learn more about Health Savings Accounts, including contribution limits, withdrawals and eligibility requirements. Please consult with your tax adviser for any additional information. Avadian is not responsible for determining the nature of your withdrawals.
Eligibility is based on approval from information obtained from credit reporting agencies and if you have not previously caused Avadian a loss.