Health Savings Account
How do Health Savings Accounts work?
To have a Health Savings Account (HSA), you must be enrolled in the High Deductible Health Plan. You can elect an annual contribution which will be deducted on a pre-tax basis from each of your paychecks in equal amounts. These contributions are to help you pay for current and future healthcare costs that your insurance does not cover. Any funds leftover at the end of the year will stay and continue to grow.