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Blue Healthcare Bank offerings enable members of participating Blue Cross and Blue Shield companies to more easily manage healthcare-related personal savings accounts and healthcare claims. HSAs mean tax savings. Your annual contributions to the account reduce your taxable income and qualified medical expenses are never taxed. The money you contribute to the HSA grows and earns interest tax-deferred until age 65. After age 65, funds can be withdrawn for any purpose, just like a regular savings account. In this case regular tax applies. If funds are used for medical care, no taxes are imposed. Your Blue Plan has selected to offer the following:
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