health savings accounts
Tax-advantaged medical funds
Health savings accounts are tax-advantaged accounts paired with high-deductible health insurance plans.
Money contributed is tax-free, grows tax-free, and can be withdrawn tax-free for qualified medical expenses.
Unlike flexible spending accounts, unused funds roll over indefinitely: She's been building her HSA as a retirement medical fund.
Often abbreviated HSA.
- Affordable Care ActUS healthcare reform law
- contributionsThings given to help
- withdrawalsRemoval of deposited funds
- preventive careHealth maintenance before disease
- tax deductionsAmounts reducing taxable income
reimbursements · medical bills · balances · prescriptions · healthcare costs · penalties · retirement planning · private insurance · rollover · income thresholds · COBRA · dental care · premiums · deductibles · open enrollment · compliance · vision care · inflation protection
health savings accountsflexible spending accounts
Pretax payroll deductions for expenses
health savings accountsMedicaid
Public health coverage for poor
Medicare · universal healthcare · socialized medicine · HMOs · managed care
health savings accountsmedical bankruptcy
Insolvency from healthcare costs
health, healthy, healthier, healthiest, healthily, healthiness, unhealthy, healing, saving