Health Savings Account
Save for the Future
Health Savings Accounts (HSAs) are individual accounts which allow you to use pre-tax dollars to pay for future medical expenses. You will be able to deduct your contributions to your HSA, and the account earnings will accumulate on a tax-deferred basis. Distributions from your HSA may be tax-free if they are used for qualified medical expenses. Consult your tax advisor.
HSAs are designed specifically for individuals who have chosen a high-deductible health plan (HDHP).