Health Savings Account
(HSA) An account that helps fund your share of medical expenses if you have a high-deductible health insurance plan (as defined by the IRS). You can contribute money to the account without paying taxes on it and can invest the funds in the account if you want (again without ever paying taxes on the growth). You own the account so any money in the account that you didn’t spend in the year you made the contribution rolls over and is available to you for future medical expenses.
I am also a retired property-casualty A professional who assesses and manages the risks of financial investments, insurance policies and other potentially risky ventures. Source: www.investopedia.com/terms/a/actuary.asp More (someone who works with the math and statistics related to insurance). I spent a significant portion of my career building statistical models of all of the financial risks of an insurance company and interpreting their findings to help senior management make better financial decisions. I retired in my late 50’s, which one of my daughter’s friends thought clearly qualified me to write this blog. Read more about Susie Q