A health savings account (HSA) is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a high-deductible health plan (HDHP). The funds contributed to an account are not subject to federal income tax at the time of deposit. By using untaxed dollars in an HSA to pay for deductibles, copayments, coinsurance, and some other expenses, you may be able to lower your overall health care costs. Many employers offer HSA’s when the insurance plans they offer employees are high deductible plans, and they commonly contribute to the HSA to help their employees save money for future health care costs. Even if you don’t have the choice of a HSA through an employer, you can still open one on your own if you have a high deductible health plan and are not enrolled in Medicare or can be claimed as dependent on another person’s taxes. Some banks and other financial institutions offer opportunities to open an HSA. https://n9.cl/2hca0