Cover Your Medical Expenses While Gaining Tax Benefits
*Direct deposit from your paycheck will reduce your taxable earnings. Yearly contributions (deposits) are limited. Consult a tax advisor. If contributions are made after income was taxed, the amount deposited is tax deductible. Consult a tax advisor.
**Withdrawals for non-qualified medical expenses are subject to income tax and a 20% penalty. The 20% penalty is waived for persons 65 and over or who have become disabled.