HSA'S

What is an Health Savings Account?

Health Savings Accounts (HSA's) are established to receive tax-favored contributions by or on behalf of eligible individuals. Amounts in an HSA may be accumulated over the years or distributed on tax-free basis to pay or reimburse qualified medical expenses.

A Health Savings Account (HSA) is a savings account established exclusively to pay for qualified medical expenses of eligible individuals. The HSA provides a way to fund your health care expenses now, save for long-term health care expenses, or to use during retirement. When the funds are used for eligible health care expenses, the savings is tax exempt.

What is a High-Deductible Health Plan?

A High Deductible Health Play (HDHP) is a health plan that meets certain U.S. treasury requirements for annual deductibles and annual out-of-pocket expense maximums, allowing you to qualify for a Health Savings Account (HSA).

For more information (http://www.treas.gov/offices/public-affairs/hsa/)