A Health Savings Account, or HSA, is a tax-free account you can use to cover your health care expenses if you have a qualified high-deductible health insurance plan.
What are the experts saying about HSAs?
- Former U.S. Secretary of the Treasury, John Snow: “HSAs are a terrific option that I think every American ought to consider.”
- Reuters: “They’re like a flex spending account on steroids; they’re better than an IRA.”
- Inc. Magazine: “A 401K for health care costs…[HSAs] take the sting out of ever-rising insurance premiums.”
- Motley Fool: “HSAs can be a great tool for reducing medical insurance costs and adding to your savings.”