Self-Directed Health Savings Account (HSA)

Otherwise known as HSAs, these tax-advantaged accounts are established for individuals and families to save for qualified health care expenses.

In order to contribute to an HSA, you must:

Have a current plan with a high deductible
Not have other healthcare coverage, including Medicare
Not be considered a dependent on another person’s tax return

Benefits of a Health Savings Account (HSA)

Tax-free earnings and withdrawals

Funds are used for qualified medical expenses

No loss of funds if you change health care plans

Funds in the account continue to accrue until they are needed

No yearly distributions required

Self-directed health savings plans enable plan owners to acquire alternative investments using account funds — gaining the potential to increase the capital in the account. Alternative assets include real estate, precious metals, oil and gas options, and more.

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