Health Savings Accounts

[Redneck]

What advantage would a HSA be to a self employed.

[Unregistered]

Same advantage as for anyone else... you get to deduct all the medical expenses comprising the deductibles, copays, etc., which are less than the 7.5% limit on sched A. or, you get to accumulate another type of retirement savings account, with tax-free distributions if paid to reimburse medicl costs. or, a combination of the 2. -RJM

[Bees Knees]

You also cut your health insurance costs drastically by going with a high deductible health insurance plan.

[Redneck]

Thanks

Thanks for the quick response when my client asked today my mine went blank. Ya'll saved me some research.

[Joe Btfsplk]

For further details

See the blog about Health Insurance and Health Savings Accounts at:

http://wwwtaxman.blogspot.com