Health Savings Accounts
What is a Health Savings Account (HSA)?
An HSA is a tax-advantaged account owned by an individual. Contributions to the account may be used to pay for current and future medical expenses. Funds that are not used for medical expenses remain in the account from year to year. There are no "use it or lose it" rules for HSAs.
View additional questions:
- What is a Health Savings Account?
- How do I qualify to open an HSA?
- When can I contribute to an HSA?
- Can I still participate in my employer's Health Care Flexible Spending Account (HCFSA) Plan if I am contributing to an HSA?
- How much can I contribute to my HSA?
- Can money be rolled over from My Health Flexible Spending Account or Healthcare Reimbursement Account into My HSA?
- Can I transfer money from my Individual Retirement Account (IRA) into my HSA?
- Who can contribute to my HSA?
- What is the tax treatment of an HSA contribution?
- What can I use my HSA money for?
- What if I withdraw money from my HSA and don't use it for qualified medical expenses?
- Are contributions and distributions on my HSA reported to the IRS?