A Health Savings Account (HSA) is a bank account used to save money for qualified medical expenses. You can only open and contribute to an HSA if you are enrolled in a qualified High Deductible Health Plan and meet additional criteria. Contributions can be made on a pretax basis through your employer’s payroll.
You can invest your cash after reaching a $2,000 threshold. HSA plans are not “use it or lose it” like an FSA and you keep your money even after you leave employment
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