HSAs allow participants to decide how much money, up to IRS limits, to set aside for health care costs. The account holder decides how to spend the money and can shop around for care based on quality and cost. Depending on the plan design, an employer may contribute to the HSA account, but the money belongs to the employee. Any unused money each year can be rolled over (stays in your account) to the next year. The account contributions, and any interest or investment it earns, are tax-free.
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