Health Savings Accounts (HSAs) are one of the newest, most innovative approaches to health insurance!
It is a savings account that allows you to pay for qualified medical expenses now, while receiving a tax
benefit OR you can save for future qualified medical expenses, while earning interest – TAX FREE!
Section 223 of the Internal Revenue Code (IRC) identifies Health Savings Accounts as: tax-favored trust
accounts that eligible individuals who are covered by a qualified High Deductible Health Plans (HDHPs) can establish
to pay for qualified medical expenses of the eligible individuals, their spouses, and/or their tax dependents.
