Are you self-employed and need a tax break?

Did you know that a Qualified High Deductible health insurance plan coupled with an HSA account can provide a substantial tax deduction to offset earned income? You can fully deduct the cost of self-employed health insurance premiums and also all HSA contributions during the year. Additionally, all distributions out of your HSA account for qualified medical expenses or long term care insurance premiums are tax-free. That’s right tax-free!

So if you are looking for additional tax savings, HSA eligible health plans and HSA accounts may be a great option. Contact our Individual Products Team for more information at 540.722.2529 or 800.467.5425.

Speak Your Mind