Surgent's Health Savings Account Optimization

Overview

Health savings account optimization allows individuals with a high deductible health plan to contribute money into a tax-advantaged medical savings account. Individuals receive the tax deduction in the year of contribution, the HSA account stays with that individual (not with an employer) for as long as they want, and they can then use that money to pay future or current medical expenses tax free! Learn about this strategy for tax firms and the steps you need to take for your clients that could save an average of a couple thousand dollars per family, per year!

Highlights

• An overview of an HSA
• Contribution and distribution limitations
• How to implement an HSA  
• Opportunities and risks of an HSA
• Common questions and resources
• Special access to TaxPlanIQ

Prerequisites

2+ years of experience working with individual or business clients

Designed For

Accounting and Financial Professionals who want to provide tax planning services to their clients and save them money

Objectives

• Be familiar with health savings accounts
• Identify clients who can qualify for an HAS and be able to explain the benefits and risks to those clients
• Determine steps for both the firm and the client to take to implement an HSA easily

Preparation

None