GREENWOOD VILLAGE, Colo. – Bellco CU is now offering health savings account services to help its more than 196,000 members better manage health care costs.
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For those who qualify, HSAs provide tax relief and a way to build long-term savings as individuals and families deal with increasing medical expenses.
HSAs allow people with a high-deductible health plan to make tax-deductible contributions up to an annual limit and to utilize tax-free distributions to pay for a wide range of qualified medical expenses. Qualified medical expenses include both planned and unplanned expenses incurred by the primary individual, as well as spouses and dependents.
