Are you electing a "High
Deductible Health Plan" with your
employer? If so, you might be able to
take advantage of this NEW Health Savings
Account
(HSA) allowing you to save for medical
expenses with
pre-tax contributions,
tax-free distributions, and investment
earnings.
Contributions made to
this account by the individual are used to pay for
current and future qualified medical expenses on a
tax-free basis.
Benefits of an HSA
 |
Affordable: Lower your health insurance
premiums by switching to a HDHP. |
|
Secure: Having a HDHP you from high or
unexpected medial bills. |
|
Flexible: Use money saved for current
medical expenses or for future needs that may
arise. |
|
Tax Savings: Triple your tax savings.
|
|
Savings and Investments: Unused dollars
remain in the HSA until you use them. |
|
Controllable: Manage the way your funds are
spent and invested. |
|
Convenient: Access your HSA using a
Debit/ATM card, checks or online account. |
|
Portability: Your HSA savings is yours for
life. |
|
No
Use-it-or-lose-it: Balances roll over from
year to year. |
|
When you
open an ALEC
HSA you'll get:
|
|
An interest
bearing account |
|
No set up fees |
|
FREE debit
card |
|
No minimum
deposit |
|
|
No monthly
fees |
|
FREE online
account access |
|
Check writing
capabilities |
|
FREE direct
deposit |
|
To review a checklist for
opening an ALEC Health Savings Account click below,
contact ALEC at 847.688.8000 or 800.762.9988
or visit any of our
7 locations.
