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HSA Frequently Asked Questions What is a Health Savings Account (HSA)? An HSA is a tax favored account used in conjunction with an HSA-compatible health plan. The funds in the account are used to pay for IRS-qualified medical expenses such as services applied to the deductible, dental, vision, and more.   Who can get an HSA? Any eligible individual that: Is covered by an HSA-compatible health plan Is not covered by other health insurance (except certain types of limited coverage) I..
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How to pay your medical expenses TAX FREE! Health Savings Accounts (HSA) Start saving more on healthcare. A Health Savings Account (HSA) is an individually-owned, tax‐advantaged account that you can use to pay for current or future IRS‐qualified medical expenses. With an HSA, you’ll have the potential to build more savings for healthcare expenses or additional retirement savings through self-directed investment options¹.   How an HSA works: You can contribute to your HSA via payroll ..
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