Fidelity to begin offering Health Savings Accounts (HSA)
Beginning in mid-December, Fidelity will begin offering Health Savings Accounts (HSA).
HSA’s are a great way for individuals to pay for qualified medical expenses in a tax-advantaged way and are designed to work together with high-deductible health plans (HDHP). Pre-tax contributions can be made into the account where earnings are tax-deferred and qualified withdrawals are tax-free. There are no “use-it-or-lose-it” requirements so the funds may remain in the account into future years until they are needed.
Fidelity has equipped the HSA accounts to include tax reporting and cash management features such as debit cards, checks, and bill pay eligibility.
For more information please contact Jaycee Smalley at jsmalley@newcapitalmgmt.com or 713-388-6322.