What is a Health Savings Account (HSA)?
Health Savings Accounts, or HSAs, allow you to save money tax-free for almost any health care expense. Qualified HSA expenses include bandages, eyeglasses, medication, doctor’s office fees, medical services, and even your plan’s deductible.
Compare Health Insurance Quotes Today!
You can open an HSA if you enroll in a high-deductible health plan (HDHP). Any plan with a deductible higher than $1,100 for individuals or $2,200 for families counts as an HDHP.
Here are some features of the Health Savings Account:
- The savings in an HSA rolls over every year — and earns interest.
- HSAs are portable if you change jobs.
- Both you and your employer can make contributions.
- When you turn 65 years old, you can withdraw HSA funds for any reason.
To explore more health insurance options, use one of our insurance finding tools absolutely free.
Our Instant Quote service lets you view and compare plans online. Our Plan Finder matches you with plans that are compatible with your desired copayments, coinsurance, and deductible. You can also speak to an agent directly, or get competitive health insurance quotes from multiple agents in your area.
Learn more about Health Savings Accounts…