Save For Future Medical Expenses on a Tax-Free Basis

Health Savings Accounts (HSAs) are individually-owned accounts to which you can make tax-deductible contributions, accumulate tax-deferred earnings, and take tax-free withdrawals whenever you need to pay for qualified medical expenses.

HSAs are designed for individuals who have a high-deductible health plan (HDHP).  You can use the funds in your HSA to pay for qualified medical expenses until the deductible has been met and insurance kicks in. HSA funds can also be used to pay for qualified medical expenses that are not paid by insurance, even after the deductible has been met.

To learn more about HSAs, review the articles in the following sections:

• Are you eligible for an HSA?
• What are the tax advantages?
• How do you use your HSA funds?
• What are some ways to fund your HSA?