What are Health Savings Accounts?

Health Savings Accounts (HSAs) were designed by Congress to provide tax advantages to individuals enrolled in high deductible health care plans. Deposits to an HSA are used to pay qualified medical expenses.

The 2017 maximums for annual contributions to HSAs are $3,400 for individuals and $6,750 for a family. Money in the account grows tax deferred, so an HSA serves as a type of savings account to pay future health care expenses.

For more information, see http://njaes.rutgers.edu/healthfinance/health-savings-accounts.asp.

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Storing Your Advance Directives for Health Care

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Your living will and durable power of attorney for health care are important legal documents. Keep your signed original documents in a secure, but accessible, place. Do not put the originals in your safe-deposit box or in another location from which it would be difficult for you or your health-care agent to retrieve them at whatever time they might be needed.

Give photocopies of the signed, dated originals to whomever you have designated to carry out your wishes. In addition …