What is a Health Savings Account?
Health Savings Accounts (HSA’s) are another option when it comes to conventional health insurance. It is a tax-free savings account that gives you the power to decide how to pay for your medical care. You can pay for qualified medical expenses now or save for future medical expenses—all while earning interest on your money! Tax-free withdrawals can be made by the employee to pay for qualified medical expenses incurred by the employee, spouse, children or other dependents.