The funds in your HSA account can also earn interest and the earnings are tax free if the money is used for medical purposes. An individual account can also be assigned to the spouse through a power of attorney.
If you don’t withdraw the money from your bank health savings account the funds can grow from year to year and the entire amount of money is yours. There is no maximum limit to the amount of money that can be in the account.
If you want to learn more about HSA savings, please don't hesitate to get in touch with Financial Center of Indianapolis. You might also be interested in our Reward Checking which earns dividends.
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