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Health Savings Account

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Hsa Health Savings Account

A health savings account HSA is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a high-deductible health plan HDHP . The funds contributed to an account are not subject to federal income tax at the time of deposit..Health Savings Accounts HSAs were created in 2003 so that individuals covered by high-deductible health plans could receive tax-preferred .A health savings account HSA is a tax-exempt trust or custodial account you set up with a qualified HSA trustee to pay or reimburse certain medical expenses you incur. You must be an eligible individual to qualify for an HSA..

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Healthy Is My Life