WHAT IS A HEALTH SAVING ACCOUNT?

U.S. News - Many workers  are able to reduce their health insurance premiums by signing up for a high-deductible health insurance plan and pairing it with a health savings account. HSAs provide a triple tax benefit: You don't have to pay income tax on your contributions, the money in the account grows without being taxed and the funds can be withdrawn tax-free when used to pay for medical expenses. Unlike a flexible spending account, the money in your HSA can be rolled over from year to year and be used for future medical care needs, even during retirement. Here’s how to decide if a health savings account is right for you. What is an HSA? HSAs allow you to regularly designate funds for upcoming medical needs...>>>