Today, Zane Benefits, the #1 Online Health Benefits Solution, published a new information on Health Savings Account (HSA) contribution limits for 2015.
According to Zane Benefits’ website, an HSA (or Health Savings Account) is a tax-advantaged savings account that belongs to you and is paired with a qualified high-deductible health plan (HDHP). You can make HSA contributions for the 2015 tax year until April 15, 2016.
Zane Benefits’ website says that HSAs combine the benefits of both traditional and Roth 401(k)s and IRAs for medical expenses. Taxpayers receive a 100% income tax deduction on annual contributions, they may withdraw HSA funds tax-free to reimburse themselves for qualified medical expenses, and they may defer taking such reimbursements indefinitely without penalties.
About Zane Benefits
Zane Benefits, the #1 Online Health Benefits Solution, was founded in 2006 to revolutionize the way employers provide employee health benefits in America. We empower employees to take control over their own healthcare, while helping employers recruit and retain the best talent. Our online solutions allow small and medium-sized businesses to successfully transition to a health benefits program that creates happier employees, reduces costs and frees up more time to serve their customers. For more information about ZaneHealth, visit http://www.zanebenefits.com.