What is an HSA? A Comprehensive Guide to Health Savings Accounts

A Health Savings Account (HSA) is a tax-advantaged savings account designed for individuals with high deductible health insurance plans. It allows you to save money for medical expenses while enjoying tax benefits. Here's what you need to know about HSAs:

A Health Savings Account (HSA) is a tax-advantaged savings account designed for individuals with high deductible health insurance plans. It allows you to save money for medical expenses while enjoying tax benefits. HSAs provide a unique opportunity to pay for qualified medical expenses with pre-tax dollars, which can lead to significant savings over time.