What is a HSA Account? Your Complete Guide to Health Savings Accounts

Check eligibility on the go — browse 7,000+ HSA-eligible products in the free app.

What HSAs are and why they help

Health Savings Accounts (HSAs) are a unique way to save money for medical expenses while enjoying tax benefits. A HSA is a type of savings account that allows individuals to set aside funds specifically for healthcare costs.

Health Savings Accounts (HSAs) are more than just savings accounts; they’re a powerful financial tool designed to help you manage your healthcare expenses effectively while providing outstanding tax incentives.

How HSA accounts work with HDHP

Here's how HSA accounts work:

• HSAs must be paired with a high-deductible health insurance plan.
• Contributions made to a HSA are tax-deductible.
• Money in a HSA can be invested, and any earnings are tax-free.
• Funds in a HSA roll over from year to year, so there's no Health Savings Accounts (HSAs) are more than just savings accounts; they’re a powerful financial tool designed to help you manage your healthcare expenses effectively while providing outstanding tax incentives.