A Better Way to Manage Your Everyday Money - Book - Page 25
Health Savings Account
A Health Savings Account (HSA) lets you store up money to cover certain medical expenses.
The money is pulled from your paycheck before taxes, and may also be contributed to by your
employer. To get an HSA, you have to have an HSA-eligible health insurance plan, or go through
a bank, credit union, or other financial institution. The benefit of an HSA, other than having extra
money set aside for potential medical necessities, is it lowers your out-of-pocket medical costs,
though cannot be used to pay premiums.
To learn more, go to healthcare.gov/high-deductible-health-plan.
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