Health Savings Account Learning Center

» Introduction What is an HSA? Why should I consider getting an HSA? What are qualified medical expenses? What insurance plans are HSA-compatible? How much can I contribute to my HSA? Is my money safe? How do I use the funds in my HSA? How do the tax savings work? Why should I get my HSA through eHealthInsurance? How can I get an HSA? HSA Calculators Introduction Health Savings Accounts are great news for Americans! The U.S. Congress recently passed legislation which makes paying for medical expenses much more affordable for consumers. As of January 1, 2004, the new law provides broad access to Health Savings Accounts, which allow consumers to pay for qualified medical expenses with pre-tax dollars (income-tax free!) and save for retirement on a tax-deferred basis. The information above is provided for general purposes only and is not tax advice. eHealthInsurance urges you to consult with your accountant or tax advisor before opening a health savings account to determine if it is appropriate specifically for you.