»  How Do HSAs Work?

Health Savings Accounts (HSAs) are the newest, most innovative approach to health insurance! Section 152 of the Internal Revenue Code (IRC) identifies Health Savings Accounts as: tax-favored trust accounts that eligible individuals who are covered by High Deductible Health Plans (HDHPs) can establish to pay for qualified medical expenses of the eligible individuals, their spouses, and/or their tax dependents.