A Health Savings Account (HSA) is a tax-advantaged personal savings account for individuals enrolled in a High Deductible Health Plan (HDHP) to pay for qualified medical expenses like deductibles, co-pays , prescriptions and such. Funds grow tax-free and withdrawals for eligible medical costs are tax-free -- offering a way to save and pay for healthcare with pre-tax dollars.
A health savings account is yours, not your employer’s. You control the account. If you switch jobs, no problem as your account remains with you. You operate it with a special HSA debit card/checkbook. BSB…
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