What is HSA Payroll Deduction?

In simple terms, HSA payroll deduction refers to the process of contributing to a Health Savings Account directly from your paycheck. This allows you to set aside a portion of your pre-tax income to cover qualified medical expenses.

By setting up an HSA payroll deduction, you can enjoy various benefits such as tax advantages, employer contributions, and convenient saving for healthcare costs. It's a smart way to plan for medical expenses while reducing your taxable income.

HSA payroll deduction is a straightforward and effective method to contribute to your Health Savings Account directly from each paycheck. This effortless process means you can allocate a portion of your pre-tax earnings, making it easier to save for qualified medical expenses.