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"I thought finding the right HSA would be difficult. In fact it was so easy I wonder why I did not do it sooner!"

"I thought finding the right HSA would be difficult. In fact it was so easy I wonder why I did not do it sooner!"

Brad J., Chicago, IL

COMMON QUESTIONS ON HSAs

health insurance savings account
HSAs don’t have to be all that complicated. Here are some common questions you might have, with simple answers to help make you smarter about HSAs. Just click on a question to read its answer.

What is an HSA?

What are the benefits of an HSA?

Who is qualified to obtain an HSA?

How does an HSA work?

What are the benefits of high deductible health insurance?

What are the deductible and out-of-pocket expense limits for HDHPs?

What expenses qualify for reimbursement from my HSA?

Does making HSA contributions through my company save me money in other ways?

What are the tax deductible contribution limits?

How do HSAs differ from Flexible Spending Accounts?

Can my HSA be used for dependents not covered by the health insurance?

Can I use my Health Savings Account for nonmedical expenses?

Can I have an HSA and an IRA? Can my HSA account be rolled into my IRA?

Once I turn 65, what happens to the money in a Health Savings Account?