HealthShare Works allows you to take full advantage of Health Savings Accounts (HSA), which offer a triple-tax advantage: contributions, earnings, and eligible withdrawals - all tax-free.
A Health Savings Account lets you set aside money on a pre-tax basis to pay for qualified medical expenses. By using untaxed dollars in an HSA to pay for medical expenses, you can lower your overall health care costs. |
You can contribute up to $3,500 to an HSA for single filers or up to $7,000 for families. If you’re 55 or older anytime in 2020, you’ll be able to contribute an extra $1,000.
There is no penalty for not using your contributions and unused monies roll over from year to year. HSAs are allowed to hold money for years into the future which opens the door to using HSAs as tax-free long-term investment options with the intent of using the money to cover inevitable qualified healthcare expenses in retirement. |
HealthShare Works Advisors: We are well-known and respected for helping our members navigate the boondoggle of our healthcare system. Members have access to knowledgeable, supportive advisors who address day-to-day healthcare issues. HealthShare Works Advisors are available to discuss and answer questions regarding the Affordable Care Act and other complicated, health-related legislation. Our experts help individuals and businesses understand how healthcare laws may impact them and what actions they can take. Members use HealthShare Works advisors to save time and eliminate stress. We ensure our members are never alone in the process.
|
Share While Traveling
Share eligible medical expenses while traveling domestically and abroad. Medical needs incurred internationally are sharable with the community in the same way as any other legitimate medical need within the United States. If the member’s out-of-pocket costs exceeded their Initial Unshareable Amount (IUA) for a particular need while overseas, the member would simply provide the details on the costs incurred along with any amount paid by the member, and we would facilitate sharing the portion that exceeds the member’s IUA.
|
For women:
|
For children:
|
For all adults:
|