With the changes emanating ‘from on high’ in Washington, DC, it is even more important to consider gifting to your children or grandchildren their own personal health savings account in conjunction with a HDHP. You can give them up to $3,050 this year and every year that they have an HDHP. With less and less conduits available for tax free gifting this is ‘two fer’, you reduce your taxable assets and your heir gets a tax deduction on their own personal 1040!
Click on the First HSA link below to set up your child’s own Health Savings Account
All parents then should consider donating the first year of insurance coverage AND fully fund the accompanying Health Savings Account. This account can be used tax free for any approved medical expenses expenditures using a simple debit card administered by FirstHSABank.
Providing one of these to your child is an act of empowerment for all young adults who have graduated and moved on to first time independence.
Your ‘gift of health’ an Original GIFT Health Savings Account- means medical services security for:
- College Graduates
- High School Graduates
- Anyone between the ages of 19 and 29
Benefits of Health Savings Accounts include:
- Accumulating asset with healthcare protection
- Owned by the student/young person
- Tax-free investment
- Deductible gift in some instances
Click here to apply now!
We provide access to “The Original Gift Health Savings Account” in ALL states! We use the InsureMe.com insurance portal to comply with all state laws and work to make it as easy as possible to give your child the gift of health. In fact, you will be helped by an agent from your neighborhood in minutes…
Check out the links that also give you access to money saving and funding programs which up front deductibles benefit from:
- My HSA Rewards Card - use this card for any purchase and have a small amount sent to your HSA!
- FreeRx Plus Discount Prescription Card – since most HSA plans do not offer a low cost Rx card, use this FREE card to save on most prescriptions! Available to everyone!
The Owners of the Original GIFT HSA are proud members of the National Federation of Independent Businesses
