Individuals in North Carolina can experience the tax deductible benefits of a NC HSA. Health Savings Accounts in North Carolina are much like a HDHP (High Deductible Health Plan). All deposits made into a NC HSA are tax deductible and the money can be used to pay for covered prescriptions, dental, vision, and medical expenses. Health Savings Accounts in North Carolina require certain qualifying conditions: you must be enrolled in an HDHP, cannot receive or enroll in Medicare, and cannot be listed as a dependent on another individual’s tax return to have a NC HSA.
To learn more about the benefits of Health Savings Accounts in North Carolina or the specific requirements of enrolling in a NC HSA, contact the Independent Benefit Advisors. IBA is here to assist with all of your group and individual insurance needs in North Carolina, including NC HSA, HDHP, and Flexible Spending Accounts. Contact IBA now to learn more about Health Savings Accounts in North Carolina.
Health Savings Accounts in North Carolina can often save qualifying individuals money immediately and in the long run. Your NC HSA is 100% deductible from your taxes, accrues tax-free interest, and requires no penalty or fee when used to pay for dental, vision, prescription, or medical expense that qualify. Money deposited into your NC HSA rolls over year after year, as does any interest earned. Health Savings Accounts in North Carolina can be used to pay dentures, braces, eyewear and contacts, LASIK surgery, chiropracty and acupuncture, and other procedures that qualify for coverage.
For more information on what a Health Savings Account will cover and the savings involved compared to a High Deductible Health Plan, Contact the Independent Benefit Advisors.