HSA

American  

abbreviation

1. health savings account: a tax-advantaged savings account that an individual with a high-deductible health plan can use to pay healthcare expenses.

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Etymology

Origin of HSA

First recorded in 2000–05

Example Sentences

Don’t overlook this triple-tax-advantaged powerhouse: Money is contributed tax-free to an HSA, grows tax-free, and can be withdrawn tax-free as long as it’s used for qualifying medical expenses.

From Barron's

You generally can’t use HSA funds to pay monthly premiums, but you can put that savings toward out-of-pocket costs, such as the hefty deductible that many policies have.

From Barron's

They aren’t contributing to the second HSA, which currently has $23,000 and was set up by Brady Muñoz at a previous employer.

From The Wall Street Journal

That might not seem like much, but it can grow if you invest your HSA in the market and don’t tap the account to pay current medical expenses, says Jody D’Agostini, a financial advisor at Equitable Advisors.

From Barron's

Every year, you contribute the maximum to your HSA.

From MarketWatch