Back to Main	Health Savings Accounts (HSA)    HSA's are the latest news in affordable healthcare for individuals and companies . HSA offer a way to set aside funds to pay for today's and tomorrow's medical expenses - including hospital care, routine medical exams, eye glasses, hearing aids, prescription medication, dental work, long-term care insurance premiums and more. See what else is covered.
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	Why do HSA spell affordable health care?  Because your qualified deposits (like IRAs) reduce your taxable income and qualified withdrawals (your  medical expenses) are never taxed. Plus, all of the money grows tax-deferred until age 65, when funds can be withdrawn for non-medical purposes (ordinary income tax applies), or tax-free when used for medical care.
See what is covered	What is a Health Savings Account plan?  A HSA plan, simply put, is a high deductible medical policy and a qualified savings account. The objective is to take the premium you save from choosing a high deductible and place it in a savings account for future use.
	Can I use any insurance policy or bank account ?  No, both the policy and account must be qualified by the IRS in order to be tax deductible.
	Who controls the money in the account?  The individual account owner controls all money in the account.
	How much can be deposited tax free?  The annual limit is 100% of the individual or family deductible. But there are no minimums and you can adjust the amount you deposit at any time.
	Who actually makes these deposits?  For group plans employers typically make the deposits into your account. Usually the employer pays most of this. Whereas individuals always make their own deposits. Either way the full amount is deductible from your income.
	How often are deposits made?  Most people deposit monthly but that is up to you.
	How do I access the money?  Either by a debit card or by check