Gnomenclature

A Health Savings Account (HSA) is a tax-exempt plan that helps you save money for future medical expenses. HSAs are available to employees who participate in a High-Deductible Health Plan or HDHP. Contributions to HSAs are tax deductible, subject to certain limits. Money can be withdrawn from an HSA at any time without taxes or penalties as long as it is used for eligible medical expenses.

Homeowners insurance covers your home and personal property within the home to certain types of damage and theft. Homeowners insurance can protect you from catastrophic loss and may be required if you have a mortgage on your home. Note that the types of coverage, limits and deductibles will be described in the policy and should be reviewed carefully to make sure you are receiving the right type of coverage.