Health Savings Accounts (HSAs) are personal savings accounts for tax benefits intended specifically for health care payments. Enrolling in a High-Deductible Health Plan (HDHP) allows you to put the tax advantage benefits of HSAs to work.
All HSA account contributions are tax-deductible at the federal level and at most state levels, and in most cases, deposited funds are also tax-free. You can withdraw HSA funds at any time to pay for health and wellness expenses, and unspent funds can be rolled over to future calendar years, without any penalties, fees, or tax implications. Although HSA deposits are usually made through an employer payroll deduction process, HSA accounts are not tied to a specific job. They are independently funded, much like a typical savings account.
HSA benefits can cover out-of-pocket expenses for a wide range of services, such as Infinite30. Ask a human resource professional about the HSAs available to you. Then, the team at your Infinite30 weight loss center in Wake Forest will arrange for you to use HSA funds for your Infinite30 Weight Loss program.