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Guest Column: The unique tax advantages of health savings accounts

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George McDow

There’s a lot of talk today about health savings accounts and their benefits.
An HSA operates a lot like a savings account that is used for the tax-free payment or reimbursement of qualified medical expenses.
You have to be enrolled in a high-deductible health plan (HDHP) in order to qualify for an HSA. These plans pay benefits only after a high annual deductible has been met. You can use funds from your HSA to pay for health expenses not covered by your HDHP.    


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The Lancaster News | circulation@thelancasternews.com | 803-283-1133
PO Box 640; 701 North White St, Lancaster SC 29720
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