Definitions
Types Of Health Plans
HSA

HSA

Definition:

Health Savings Account

Application:

An account owned by the member and held by a Custodian is available typically with a "conforming" High Deductible Health Plan with no copays for first-dollar coverage. An HSA enables the member to use tax-free dollars to pay for health care expenses and accumulate long-term savings for dollars not spent, like an IRA.

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