What is a health care savings account?

Answer Imagine a savings account that would allow you to save for medical expenses and would also allow you to deduct the money you deposited into the account from your federal income taxes. Now, stop ima... Read More »

Top Q&A For: What is a health care savings account

What Is the Difference Between a Health Reimbursement Account & a Health Savings Account?

Two health insurance options that have gained popularity compared to the conventional employer-paid health insurance are the Health Savings Account (HSA) and Health Reimbursement Account (HRA). The... Read More »

What is the difference between a health savings account&a flexible spending account?

Health savings accounts (HSAs) and flexible spending accounts (FSAs) are ways to put money aside for future heath care costs. Both provide tax advantages, but the qualifications and functions of th... Read More »

What is a health savings account?

A health savings account (HSA) allows you to put aside tax-free money from your salary to pay for present and future medical expenses that aren't covered by your medical insurance.AvailabilityYou c... Read More »

What is a health savings account (HSA)?

The whole purpose of a health savings account is to put money aside in an account that is specifically for future medical expenses. The HSA is like a bank account where you can deposit funds on you... Read More »