A Health Savings Account (HSA) is an account of funds that are used to pay medical expenses. Any contributions that are made to the HSA by an employer become the property of the employee and are not available to be withdrawn by the employer. Contributions to the HSA are used to pay medical expenses, both in the current year and in the future.
Medical expenses can be paid for the account owner, a spouse or a qualified dependent. The covered medical expenses must not be expenses that are reimbursable by insurance or elsewhere. Expenses that are paid through an HSA are not available to use as a medical
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Web page updated on 17 Mar 2025 14:51