MJ Blog

Video Tips: You Might Consider a Health Savings Account

Tax-favored health savings accounts (HSAs) can only be established by eligible individuals who are covered by a high-deductible health plan (HDHP) and not covered under any other health plan which is not an HDHP, unless the other coverage is permitted insurance or coverage for accidents, disability, dental care, vision care, or long-term care. Eligible individuals may, subject to statutory limits, make contributions to HSAs, and employers, as well as other persons (e.g., family members), also may contribute on behalf of eligible individuals. (Code Sec. 106, Code Sec. 223)

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MJ Tax Relief Group

6001 River Road, Suite 315
Columbus, Georgia 31904