What is an HSA Account? A Comprehensive Guide

Health Savings Account (HSA) is a tax-advantaged account that allows individuals to save money for medical expenses.

Here are some key points about HSA accounts:

• Contributions are tax-deductible
• Withdrawals for qualified medical expenses are tax-free
• Unused funds roll over year after year
• Can be used in conjunction with a high-deductible health insurance plan

HSAs offer flexibility and control over your healthcare costs. You can use the funds for a wide range of medical expenses, such as doctor visits, prescriptions, and even dental care.

A Health Savings Account (HSA) is an excellent way to save and manage your healthcare costs, providing tax advantages that can significantly benefit your financial well-being.