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 Why should I consider getting an HSA? You can save money in the short and long term by: •  Deducting 100% of your HSA contributions from your taxable income •  Having the money in your HSA accrue interest and/or gains on a tax-free basis •  Paying no penalties or taxes when you use your HSA to pay for qualified medical expenses •  Having a high-deductible HSA-compatible health insurance plan, which typically has a lower premium than a plan with a lower deductible Note: Some HSAs charge a small monthly maintenance fee. 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.