Definition: An HSA is a tax-advantaged savings account for medical expenses, available to people enrolled in a high-deductible health plan. Contributions are tax-deductible, growth is tax-free, and withdrawals for medical expenses are tax-free.
A Health Savings Account (HSA) is a tax-advantaged account you can use to pay for qualified medical expenses. It's only available if you're enrolled in a High-Deductible Health Plan (HDHP).
Unused funds roll over year to year โ there's no "use it or lose it" rule like an FSA.
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