Health Savings Account (HSA) funding refers to the process of contributing money into your HSA account to cover eligible medical expenses. Here are some key points to help you understand HSA funding: - HSA contributions can be made by you, your employer, or both. - Contributions are tax-deductible, meaning you can lower your taxable income by contributing to your HSA. - The funds in your HSA can be invested, allowing them to grow over time. - Unlike Flexible Spending Accounts (FSAs), HSA funds roll over from year to year, so you never lose the money you contribute. - You can use your HSA funds to pay for a wide range of medical expenses, from doctors' visits to prescriptions to certain medical equipment. - It's important to keep track of your HSA contributions to ensure you stay within the annual contribution limits set by the IRS. In summary, HSA funding is a tax-advantaged way to save for medical expenses, offering flexibility and growth potential for your healthcare savings.

Health Savings Account (HSA) funding plays a crucial role in managing healthcare costs. With the ability to contribute funds for future medical expenses, you and your employer can jointly put money into your HSA, creating a powerful financial tool for your health.