HSA

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.

Word History and Origins

Origin of HSA¹

First recorded in 2000–05

Example Sentences

I have $90,000 in emergency savings, I put $400 a month into a HSA account and I have $50,000 in my checking account.

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Starting next year, some direct primary-care patients can use HSA funds for membership fees, up to $150 monthly for individuals.

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For patients to use their HSA funds, a “direct primary-care practice” has to meet certain criteria.

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If a practice offers any of these excluded services—or if it charges membership fees over $150 a month for an individual and $300 for a family—then their patients won’t be able to use HSA funds to pay the membership fee.

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This is the first time since HSAs were established in 2003 that eligibility requirements have substantially expanded, says Kevin Robertson, chief growth officer for HSA Bank.

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