Health Savings Account (HSA)

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 Money can be withdrawn from an HSA at any time without taxes or penalties as long as it is used for eligible medical expenses.