Boaters can save with tax deductible health savings accounts.

Boaters can save with Tax Deductible Health Savings Accounts!
By 20 year insurance agent Paul Phaneuf, First Patriot, Inc.

12 Expenses you can pay for with a tax deductible Health Savings Account

Health Savings Accounts (HSA) with generally lower insurance premiums due to high deductible on the health insurance policy, may offer you the following 3 tax advantages too:

1. Tax deductible deposits-up to 100% of the calendar year deductible

2. Tax deferred interest

3. Tax-free withdrawals for medical expenses- use the savings account funds for expenses not covered by the high deductible insurance plan. Health Savings Accounts can be used to pay for Qualified Medical Expenses. These can even be expenses that your Health Insurance Plan or dental plan does not cover! These generally include: 1.Hearing aids 2. Diabetic supplies 3.Orthodontial 4. Dental cleanings and fillings 5.Physical therapy 6.Chiropractic expenses 7.Eye exams 8.Eyglasses 9. Contact lenses 10 Laser eye surgery 11.Over the counter medicines & prescription drugs 12. Speech therapy.

Of course each individual is responsible for complying with IRS regulations. See medical and dental expenses at IRS web site www.irs.gov

For More Information & Quotes contact:

Paul H.Phaneuf, FL Licensed Health Insurance Agent www.FirstPatriotInc.com Insurance Agency 813 353 0303 800 743 2565

Paul Phaneuf of First Patriot Inc , Tampa Florida specializes in marine insurance including sail, yachts and fishing boats. You may have seen him at boat shows in Ft Lauderdale, Bradenton, Palm Beach and St Pete Sail Expo where he has been a workshop presenter. You can reach him statewide at 800 743 2565 or www.firstpatriotinc.com