Health Savings Account (HSA) Overview

• A Health Savings Account (HSA) is a special account owned by an individual where contributions to the account are to pay for current and future medical expenses
• HSAs are used in conjunction with a “High Deductible Health Plan” (HDHP)
• insurance that does not cover first dollar medical expenses (except for preventive care)
• Can be an HMO, PPO or Indemnity Plan, as long as it meets the requirements

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