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Take charge of your medical expenses with Sterling’s Health Savings Account (HSA). The money you put in an HSA is tax-deductible, and it stays tax-free when you withdraw it for qualified health care costs. You get to decide how you spend your health dollars and you can also:

  • Carry your balance over from year to year.
  • Withdraw funds without penalty at age 65.
  • Deduct HSA contributions from your federal income taxes.

A Back-up Plan
A Health Savings Account is intended to work with a high-deductible health plan, so you can handle your routine medical expenses with tax-deductible HSA funds while the accompanying insurance policy protects you against major medical or catastrophic events. You, your employer, or anyone else can contribute a total of 100 percent of the medical deductible of your health plan into your HSA each year, as long as that amount doesn’t exceed IRS limits.

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