Health Savings Account
Health Savings Accounts are tax-favored trust or custodial accounts that earn you interest. They combine tax-free savings earmarked for qualified medical expenses with a qualified High Deductible Health Plan (HDHP).
Money deposited tax-free into an HSA is used for qualified medical expenses not covered by insurance or that fall short of your plan's deductible. The high deductible plan (with traditionally lower premiums) would kick in to cover any larger, qualified medical expenses. You gain the power to choose the best way to use the money you typically spend on health insurance premiums alone and the potential to let the account grow tax-free until you need it most.
Plan Information
