Question:

What is a health savings account (HSA)?

Asked by: Jessica


Answers:

Health savings accounts are created solely for medical expenses. A HSA functions just like a regular banking account where you are able to deposit and withdrawl money out on your own. The main difference is that money in a HSA account MUST be used for medical expenses and the money is pre-taxed if it is deposited via your payroll.
Answered By: Sam


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