Question 1

What is a Health Savings Account (HSA)?

admin · Accepted Answer

An HSA is a savings account in your name that offers a different way  to pay for health care expenses on a tax-advantaged basis. HSAs enable you to pay for current eligible medical expenses and save for future ones on a tax-free basis. In order to be eligible to contribute to an HSA, the HSA owner 1) must be covered by an HSA-eligible HDHP and 2) the HSA owner cannot have other first dollar medical coverage.

Question 2

What is a Health Savings Account (HSA)?

admin · Accepted Answer

An HSA is a savings account in your name that offers a different way  to pay for health care expenses on a tax-advantaged basis. HSAs enable you to pay for current eligible medical expenses and save for future ones on a tax-free basis. In order to be eligible to contribute to an HSA, the HSA owner 1) must be covered by an HSA-eligible HDHP and 2) the HSA owner cannot have other first dollar medical coverage.