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Improving Your Financial Life

Blog > 2010 > April > Financial Education For Health Savings A...
April 22, 2010

Financial Education For Health Savings Accounts

learning about money

A health savings account plan can be used to save money for your medical needs in the present and in the future.

The biggest advantage of a health savings account plan is that they provide security against high and unexpected medical bills. Even if the funds are not utilized they will remain in the account with each passing year, earning interest on it.

The withdrawals from the account are also tax free, if they are utilized for medical purposes. Even when you are unemployed or move to a different state the funds will continue to remain in your account.

If you want to learn more about money education, please don't hesitate to get in touch with Financial Center of Indianapolis.   

Category: FCFCU
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