What is a Health Savings Account (HSA)?

A Health Savings Account (HSA) is a type of savings account that allows you to set aside pre-tax dollars (up to $3,450 per individual or $6,900 per family) to cover eligible medical expenses. An HSA can be used only if you have a High Deductible Health Plan (HDHP). Please check with your plan administrator to see if your plan is eligible for an HSA.

The information provided on this document is provided as an educational resource only. The content is from other public sources and is reproduced here for the convenience of consumers. LL Medico does not guarantee accuracy of this information.

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