What is HSA Money? A Comprehensive Guide to Health Savings Account Funds

Health Savings Account (HSA) money refers to funds that are deposited into an HSA account, which is a tax-advantaged savings account specifically designed for medical expenses. HSA money can be contributed by individuals, employers, or both, and it can be used to pay for a wide range of qualified medical expenses.

Here are some key points to understand about HSA money:

• HSA contributions can come from both individuals and employers, providing a double tax benefit.
• HSA funds can be invested, allowing them to grow over time and be used for future medical expenses.
• Unused HSA money rolls over from year to year, unlike Flexible Spending Accounts (FSAs) that have a
  

  Health Savings Account (HSA) money is an essential resource that allows you to save for medical expenses tax-free, making it a vital component of your overall financial plan.