A Health Savings Account (HSA) gives you more control over your healthcare costs. You decide how to spend your money on your health. You make the decisions. HSA Bank helps you carry out those decisions.
Health Savings Account are combined with a High Deductible Health Plan (HDHP0 to offer a more affordable approach to healthcare. Premiums for HDHPs are lower. HSAs have a tax favored status - meaning what you contribute is either pre-tax or tax deductible. Interest earned on the money is tax-deferred. Using the money to pay for qualified medical expenses is tax-free. Lower insurance premiums combined with using tax-free money can lead to significant savings. (Written By HSA Bank)
