What is an HSA Savings Account? - Understanding the Basics of Health Savings Accounts

Health Savings Accounts (HSAs) are tax-advantaged accounts that allow individuals to save money for medical expenses. These accounts are designed to work in conjunction with high-deductible health plans (HDHPs) and provide a way for individuals to pay for qualified medical expenses with pre-tax dollars.

Here are some key points to help you understand HSA savings accounts:

• Contributions to an HSA can be made by both the individual and their employer.
• Money in an HSA rolls over year after year, so there is no
  

  Health Savings Accounts (HSAs) are a fantastic way to save money for future medical bills while enjoying tax advantages. These accounts are ideal for those who have a high-deductible health plan (HDHP) and want to manage their healthcare costs effectively.