What is an HSA?
Health Savings Accounts (HSAs) give employees the option to set aside pre-tax income for future qualifying medical expenses. You are only eligible for an HSA if you are enrolled in a high-deductible healthcare plan. HSA funds can be used at any point in the future — not just within the plan year — making this an excellent way for you to save for future medical costs. HSA funds can also be invested tax free, and that growth can be used without penalty after the retirement age is met.