Health Insurance Class - Lesson #13 -Health Savings Accounts (HSAs)



A Health Savings Account (HSA) is a specialized, tax-favored account that works with your HSA-qualified health plan. An HSA enables you to pay and save tax-free for qualified medical expenses, including doctor’s visits, prescriptions, vision, dental, chiropractors, acupuncturists, and more. Many of these accounts do pay interest, which can be a great way to save for healthcare expenses in nearly any situation. Many financial institutions also offer a broad range of investment products to choose from as well. You own your HSA outright — even if you find a new job, move or switch your health insurance provider. This account goes wherever you go. You choose how the money is spent in your HSA and your balance can grow year after year, tax-free, through retirement.

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  1. Thank you so much for the video!! Great information!


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