Meaning of health savings accounts (HSAs)

 


 

Health savings accounts (HSAs)

 

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Meaning and definition of health savings accounts (HSAs)

 

Accounts into which people with high-deductible health insurance plans can place tax-free funds each year and then draw on these funds to pay out-of- pocket medical expenses such as deductibles and copayments. Unused funds accumulate from year to year and later can be used to supplement Medicare.

 

For the term health savings accounts (HSAs) may also exist other definitions and meanings, the meaning and definition indicated above are indicative not be used for medical and legal or special purposes.

 

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Meaning and definition of health savings accounts (HSAs)
Health savings accounts (HSAs)