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An HSA – or Health Savings Account – is a tax-advantaged account funded by you. You automatically became eligible to open an HSA Account because you enrolled in your HSA-Qualified health plan offered by World Insurance Company. And an HSA account can actually help you save money on your health care costs. Because when you use the funds in your HSA to pay for qualified medical expenses, you get tax advantages… The money you put into your HSA Account can be deducted each year from your taxes and your HSA Account earns tax-deferred interest. Plus, any money withdrawn from the account remains tax-free as long as it's used to pay for qualified medical expenses. Learn more about Setting Up & Funding an HSA account now. Not sure if you have an HSA-qualified plan?Call our customer service department at 1-800-786-7557 and a representative will be able to help you. *As always, please consult your tax advisor regarding tax deductibility. This outlines the advantages of HSAs and health insurance plans that are HSA-qualified in general, and does not constitute tax advice.
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