Health Spending Accounts

Take control of your health care.

Does your employer-provided health insurance not cover enough of your medical costs? Are you tired of paying for medical expenses out of pocket? Have you ever wondered how to save money on deductibles, co-pays, and prescription drugs without dipping into your savings account? A health spending account is your answer.
A health spending account is a tax-advantaged savings account that allows you to pay for medical expenses not covered by insurance. They're most commonly used by people with high-deductible health insurance plans; they can also help when employer-provided insurance doesn't cover the full cost of your medical expenses. You can use your health spending account to pay for deductibles, co-pays, and prescription drugs.
If you want to save on your premiums or if you want to pay for medical expenses not covered by your insurance, then a health spending account is the perfect option for you. These accounts allow you to put money away each month that can be used toward medical bills later in the year. They also help keep your overall healthcare costs down so that when it comes time to file taxes at the end of the year, you'll have less money going toward taxes than before—and more money left over in your pocket!
We know it can be hard to figure out how much money should go into your health spending account each year. We want to help you take control of your finances by giving you access to the tools you need to make informed decisions. With the help of our financial advisors, you'll be able to set aside funds for medical expenses and save money on taxes simultaneously. At Flourish Financial Solutions, we know what it takes to navigate these situations and ensure that everyone gets the medical care they need when they need it—without breaking their bank accounts!