Health Savings Account (HSA)

InsuranceGlossary term

Definition

A tax-advantaged account for individuals with high-deductible health plans to save for medical expenses. Contributions are tax-deductible, and withdrawals for qualified expenses are tax-free.

Related terms

DeductibleThe amount you must pay out-of-pocket before your insurance coverage begins. Higher deductibles typically result in lower premium costs.

Browse the full glossary

Get advice that uses your real numbers

Warren reads your accounts and explains what terms like this mean for your plan. Free to start, no credit card required.

Try Warren Free