Health Savings Accounts

A Health Savings Account (HSA) is a tax-advantaged savings account designed for medical expenses. It works with a high-deductible health plan, allowing you to set aside money pre-tax to pay for qualified healthcare costs like doctor visits, prescriptions, and procedures. The funds grow_tax-free and can be rolled over year to year, giving you flexibility and control over healthcare spending. Contributions are deductible on your tax return, reducing your taxable income. An HSA encourages saving for medical expenses, offering potential financial benefits while helping you manage healthcare costs efficiently.