health savings
Tax-advantaged medical account
Health savings refers to money set aside specifically for medical expenses, typically in a tax-advantaged account.
A health savings account (HSA) allows pre-tax contributions that grow tax-free when used for qualified healthcare costs: She put money into her health savings to cover the deductible.
The term sometimes appears more loosely for any funds earmarked for medical needs.
- high deductibleSteep initial self-payment
- medicalOf healthcare practice
- expensesMoney spent on things
- tax-freeExempt from duties
- deductibleOut-of-pocket threshold amount
insurance · contributions · employer contribution · retirement · nest egg · flexible · FSA · premiums · wellness · long term care · preventive · coverage · emergency · rainy day fund · paycheck · compound · rollover · qualified
- savingspiggy bank, emergency fund, rainy day fund, joint account, bank deposit
- tax strategiestax shelters, tax deferral, tax planning, tax avoidance, tax breaks
- tax-free incometax-free income, non-taxable income, non-taxable, tax-exempt, Roth IRA
- Tax-Advantaged AccountsFSA, contributions, reimbursement, account balance, contribution limits
- health policyhealthcare policy, Affordable Care Act, healthcare reform, Medicare, healthcare law
- healthcaredoctors, nurses, hospitals, hospital, clinic
health savingspetty cash
Fund for incidentals
discretionary spending · retirement savings · entertainment budget · emergency fund · slush fund
health savingsmedical debt
Money owed for treatment
medical expenses · healthcare spending · medical bills · medical bankruptcy · out-of-pocket costs
health savingshealth spending
Resources allocated to medicine
healthcare costs · out-of-pocket expenses · medical debt · medical bills · deficit spending
health, savings, healthy, healthier, healthiest, healthily, unhealthy, healthful, saving