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What are health funds?

Updated: 8/20/2019
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8y ago

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"Health funds are insurance policies that compensate or pay for health related costs. Health insurance is very important for the elderly, granted the expense of medical attention these days." You can also have an employer-sponsored health savings account that takes money out of your paycheck pre-tax to cover medical expenses not covered by health insurance. This also lowers your taxable income. With a HSA, any money not used is lost at the end of the year.

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