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.