Efficiently Manage Healthcare Expenses with an HSA

April 25, 2018

A Renasant Health Savings Account (HSA) lets you save for healthcare expenses while generating additional income, too. An HSA works like an Individual Retirement Account (IRA), except it’s designed to help you cover costs associated with a high-deductible health plan.

Since a Renasant HSA is funded with “post-tax” dollars, your contributions may all be tax deductible. Even better, your account balance can be invested to generate even more tax-free income—which means you come out ahead on both sides of the equation.

Make HSA deposits, monitor account activity, and view your monthly statements online or on your Renasant app. Withdrawals are easy, too, with your complimentary Renasant HSA Debit Card. At the end of each year, your account balance simply rolls over, so you don’t need to worry about losing your hard-earned savings.

For more detailed information on HSA plans and taxes, talk with your tax advisor.