A Health Savings Account (HSA) is a new, portable, savings account that allows you to set aside money for health care tax-free. You must have high deductible health insurance to open an HSA.  Different from other benefit products, an HSA rolls over from year to year (there is no “use it or lose it”), interest is paid, money can be invested in mutual funds, and it is owned by you, not your employer. Many liken an HSA to a “medical IRA”.

Considering the high costs of health care today, an HSA offers a wide range of benefits to consumers:
 

	Affordable Health Insurance
		You pay less each month for high-deductible health insurance
	Triple Tax Advantages
		Pre-tax contributions to your HSA, tax-exempt interest and investment gains on your HSA, and tax-free withdrawals from your HSA for qualified medical expenses
	Unprecedented Control
		You are now in control of how your healthcare dollars are used - save or spend, it's your choice
	Portable
		Your HSA is an account that you own and remains in place regardless of where you work or what insurance company you are insured by
	Flexibility
		Your HSA contributions can be used to pay for a wide range of eligible medical expenses not typically covered by low deductible health insurance or other healthcare accounts
	Planning for the Future
		HSA contributions can be directed toward long-term investment vehicles, such as mutual funds, to maximize future value of your HSA