Health Savings Account (HSA) in medical insurance is a tax-advantaged savings account that allows individuals to save for qualified medical expenses. It is available to individuals who are enrolled in a high-deductible health plan (HDHP). Here are some key points about HSAs: - Contributions to an HSA are tax-deductible - The funds in an HSA roll over year after year - HSA funds can be invested for potential growth - Withdrawals from the HSA for qualified medical expenses are tax-free - HSA funds can also be used for certain non-medical expenses after retirement By understanding how an HSA works, individuals can take advantage of its benefits and effectively manage their healthcare costs. Talk to your insurance provider or employer to see if you are eligible for an HSA and start saving for your medical expenses today!

A Health Savings Account (HSA) is more than just a savings tool; it’s a financial lifeline for those enrolled in a high-deductible health plan. With tax-deductible contributions, you can effectively manage your healthcare costs while securing your financial future.