online savings plan

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online savings plan
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online savings plan- Where to Get the Best Rate
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• If you have an IRA, you already understand the
  basic concept behind this new type of health
  coverage. Also called a Health Savings Account,
  this plan is a medical form of an IRA. You put
  money into your account tax-free, and you use
  that money to pay for minor health expenses. You
  combine this with low-cost, high-deductible
  health insurance to pay for major expenses.
• What If I Need the Money For Something Else?
• If you withdraw the money from your account to
  pay for non-medical expenses, you will likely
  have to pay a penalty.

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• How Do I Withdraw Money from the Account When I
  Need It?
• You will typically have a debit card or checkbook
  linked to your account. When you have a medical
  expense, you pay with that debit card or a check
  and money is paid from the online savings plan.

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• Money in an IRA Can Increase in Value. Does Money
  In A Health Account?
• Yes, your money can be earning interest and
  growing for future use.
• How Do I Find a Plan to Enroll In?
• Before you can sign up for a online savings plan,
  you typically have to set up a High Deductible
  Health Plan (HDHP) first. Such a plan protects
  you against catastrophic expenses that would be
  more than you have in your savings plan. Your
  goal will be to put enough in your savings plan
  each year to pay for the deductible.
• source-http//bit.ly/2cVJAqO

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