An HSA is a tax-advantaged benefit account for people enrolled in a high-deductible health plan (HDHP). Account owners make pre-tax contributions each payday (or post-tax, which can be deducted on tax returns) to their HSA in order to pay for IRS-approved eligible expenses for themselves and their dependents.
Visit the IRS webpage for a complete list of eligible medical expenses. Contact your Benefits Representative for more details.
For more information about HSAs, check out these blogs from the Captain:
Sign up to receive personal thoughts from the Captain as well as news on FSAs and HSAs!