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What is an HSA Plan?

April 26, 2017HSA Plan

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What is an HSA Plan?

2 Answers

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HSA stands for Health Savings Account. This type of plan was introduced in January of 2004. Basically, you set up a “savings account” and this account is used in conjunction with an HSA insurance plan to pay for your medical costs. Contributions to your HSA savings plan are made at pre-tax and you may invest these funds however you would like. Unused funds in your account are tax free and may accrue interest year-to-year.

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Posted

HSA stands for Health Savings Account. This type of plan was introduced in January of 2004. Basically, you set up a savings account and this account is used in conjunction with an HSA insurance plan to pay for your medical costs.