• Business
  • Crypto
  • Investing
  • Lifestyle
  • Money
  • Glossary
    • A
    • B
    • C
    • D
    • E
Search
Finance Reference
  • Business
    • 20 Years of Yerkin Tatishev and Kusto Group’s Kazpetrol Group
      How to Analyse Yield Curves: Insights for Bond Investors
      3 Ways a Digital Lending Platform Can Elevate Your Business
      7 Steps to Ensure a Smooth Migration to Cloud-Based Professional Tax Software
      5 Common E-Commerce Fulfillment Mistakes Your Business Must Avoid
  • Crypto
    • Bitcoin Logo: What is the reason behind its success?
      The Benefits of Practicing Safe Storage for Cryptocurrency Assets
      Tax Planning for Cryptocurrency Investors in Canada
      Avis sur Paymium : Plateforme Crypto Française sous la Loupe
      Before You Bet: A Beginner’s Guide to Understanding Crypto’s Volatility and Risk
  • Investing
    • Bonds vs. Equities: Strategic Allocation for GCC Traders
      Crafting Custom Investment Portfolios: Andy Gitipityapon’s Methodology
      Investing in Gold: How to Secure Your Wealth in Uncertain Times
      MT5 overview, will it fit you?
      TechBerry Review – A Popular Automated Trading Platform
  • Lifestyle
    • What Makes Switzerland One of the Safest Countries in the World
      Is Homeowners Insurance Required? Answering Popular Homeowners Insurance Questions
      Why Certain Poker Strategies That Work Online Fall Apart in Live Games and Vice Versa
      Payment Methods for the Modern Bettor: Is the Most Popular Option the Best?
      10 Sustainable and Budget-Friendly Ways to Reward Yourself
  • Money
    • Budgeting Hacks for Families Living on a Single Income
      Understanding Alternative Payment Methods in a Digital World
      The Hidden Benefits of Loan Consolidation for Everyday Borrowers
      Enhancing the U.S. Economy: How Soft2Bet’s Innovation and Foundation Are Generating Jobs and Opportunities
      How Tariffs Could Affect Mortgages in the U.S. in 2025
  • Glossary
    • credit card
      Understanding Credit Card Meaning: A Complete Guide
      Oculus Gift Card
      The Perfect Gift for Gamers – The Oculus Gift Card
      walgreens Cash Checks
      Does Walgreens Cash Checks In 2023? Complete Guide
      How Many Nickels Make $2?
      How Many Nickels Make $2? A Quick Guide
      Visa Provisioning Service
      What is the Visa Provisioning Service on My Bank Statement? Explained
      AllABCDE
  • Glossary
  • H

Health Savings Account (HSA)

By
rjonesx
-

What is a ‘Health Savings Account – HSA’

A Health Savings Account (HSA) is an account created for individuals who are covered under high-deductible health plans (HDHPs) to save for medical expenses that HDHPs do not cover. Contributions are made into the account by the individual or the individual’s employer and are limited to a maximum amount each year. The contributions are invested over time and can be used to pay for qualified medical expenses, which include most medical care such as dental, vision and over-the-counter drugs.

Explaining ‘Health Savings Account – HSA’

The Health Savings Account has three major tax savings: the money contributed into the account is tax deductible, it grows tax free, and certain withdrawals are tax free if they are for qualified medical expenses. To qualify for an HSA , you must have coverage from a high-deductible health plan and you must not be enrolled in Medicare or be listed as a dependent on another person’s tax return.

Further Reading

  • Health Savings Account ownership and financial barriers to health care: What social workers should know – www.tandfonline.com [PDF]
  • Health care spending after adopting a full-replacement, high-deductible health plan with a health savings account: a five-year study – papers.ssrn.com [PDF]
  • Effects of health savings account-eligible plans on utilization and expenditures. – www.ncbi.nlm.nih.gov [PDF]
  • Balancing the goals of health care provision and financing – www.healthaffairs.org [PDF]
  • Why don't the poor save more? Evidence from health savings experiments – www.aeaweb.org [PDF]
  • Evolution and early evidence of the impact of consumer-driven health plans: from e-commerce venture to health savings accounts – www.tandfonline.com [PDF]
  • The Macroeconomics of Health Savings Accounts – papers.ssrn.com [PDF]
  • Use of Health Savings Accounts Among US Adults Enrolled in High-Deductible Health Plans – jamanetwork.com [PDF]
  • How much more cost sharing will health savings accounts bring? – www.healthaffairs.org [PDF]
  • Medical savings accounts: assessing their impact on efficiency, equity and financial protection in health care – www.cambridge.org [PDF]
Previous articleHeatmap
Next articleKey Currency
rjonesx

RELATED ARTICLESMORE FROM AUTHOR

credit card

Understanding Credit Card Meaning: A Complete Guide

Oculus Gift Card

The Perfect Gift for Gamers – The Oculus Gift Card

walgreens Cash Checks

Does Walgreens Cash Checks In 2023? Complete Guide

EDITOR PICKS

Obsolete Inventory

Should I invest in additional life coverage?

Joint Supply

SPX vs SPY: Which is Better for Trading Options on the S&P 500?

FAAMG Stocks

Quarter (Q1, Q2, Q3, Q4)

Latest

What Makes Switzerland One of the Safest Countries in the World

Car Wreck Aftermath: Legal Help for Medical Bills, Repairs, and More

Is Homeowners Insurance Required? Answering Popular Homeowners Insurance Questions

Budgeting Hacks for Families Living on a Single Income

Understanding Alternative Payment Methods in a Digital World

The Hidden Benefits of Loan Consolidation for Everyday Borrowers

  • A
  • B
  • C
  • D
  • E
  • F
  • G
  • H
  • I
  • J
  • K
  • L
  • M
  • N
  • O
  • P
  • Q
  • R
  • S
  • T
  • U
  • V
  • W
  • X
  • Y
  • Z
  • About
  • Accessibility
  • Privacy
  • Sitemap