What is a Health Savings Account (HSA) and How Does it Work?

What is a Health Savings Account (HSA) and How Does it Work?

Health Savings Accounts (HSAs) are tax-advantaged accounts that can be used to pay for medical care if you have an HSA-eligible plan, or a high-deductible healthcare plan (HDHP).  You’ve probably heard more and more about HSAs in recent years, as HDHPs have increased in popularity. In fact, more than half of workers in the private…