Health Savings Accounts (HSAs)
HSAs are an innovative way to manage health care costs, combining a High Deductible Health Plan (HDHP) with a tax-advantaged medical savings account and a high rate!
If you make the contributions yourself, you can claim a tax deduction.* The earnings are tax-free, and distributions may be tax-free if used for qualifying medical expenses. The funds in the account are carried over from year to year, and your HSA stays with you if you change employers or leave the work force.
*Please consult with your tax advisor.