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.