| A Health Saving Account is a tax advantaged savings | | | | A health saving account is kind of like an IRA but for |
| account which is combined with a qualifying high | | | | your health. Any contributions you make into your HSA |
| deductible health insurance plan. This savings account | | | | account go in tax free either as a pre-tax payroll |
| is then used as a tool to save money for current and | | | | deduction or as an above the line deduction on your |
| future medical expenses. Although health plan savings | | | | taxes if the contributions have been taxed prior to |
| accounts are very popular, still many people do not | | | | being made Most anyone can build up enough savings |
| know much about them. When researching HSA | | | | for health expenses if they put a bit of each pay |
| accounts, there are some things to consider. | | | | check into their health savings account. |
| Pre-Tax Contributions to Health Savings Account | | | | |