Hsa Connect Insurance Service

It is really very simple, the 1st step is to enroll in a low cost, HSA-qualified health insurance plan; once enrolled, you are eligible to open a tax advantaged health savings account. The money you deposit in your HSA is tax deductible from federal income taxes (and most states' income taxes) and you can use it to pay for your medical expenses, including a huge range of other health expenses. The balance in your account at the end of the year simply remains in the account and can be increased with the following year's contributions.