The Medical HSA Account Offers 31 Mutual Fund Options if you meet minimum required account balance. See below for fund information (Note: LBG Advisors does not manage/select these investments - Please contact Navia/Avidia Bank with questions)
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• Take advantage of employer sponsored H.S.A. account
• Set aside additional dollars for retirement healthcare through payroll
• Triple Tax Advantage*: Reduces taxable income going in, tax free growth, tax free coming out for qualified medical expenses (see IRS approved list publication 502)
Additional Benefits:
• Rolls from year to year (not use it or lose it)
• It is your account – even if you leave KBA
• Helps you pay for qualified medical expenses for you and your dependents (even if dependent is not on KBA coverage)
• Reduces Taxable Income (w2 decrease through payroll / tax form if direct contribution)*
• Funds may be invested in mutual funds yielding tax free earnings* (min balance $1,000 / $3,000 to avoid additional admin fees)
• Both employers and employee can contribute to HSA
• 2021 Contribution Limits $3600 Individual / $7200 Family (less company contribution)
• If over 55, add $1,000 to limits above
• Set aside additional dollars for retirement healthcare through payroll
• Triple Tax Advantage*: Reduces taxable income going in, tax free growth, tax free coming out for qualified medical expenses (see IRS approved list publication 502)
Additional Benefits:
• Rolls from year to year (not use it or lose it)
• It is your account – even if you leave KBA
• Helps you pay for qualified medical expenses for you and your dependents (even if dependent is not on KBA coverage)
• Reduces Taxable Income (w2 decrease through payroll / tax form if direct contribution)*
• Funds may be invested in mutual funds yielding tax free earnings* (min balance $1,000 / $3,000 to avoid additional admin fees)
• Both employers and employee can contribute to HSA
• 2021 Contribution Limits $3600 Individual / $7200 Family (less company contribution)
• If over 55, add $1,000 to limits above
