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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!"

“Being self-employed, I needed a health plan – but did not want to pay for care I did not use.  An HSA allows me to only pay for the care I receive – and that works for me.”

Rich G., Savannah, GA

 

UNDERSTANDING HSA SPEAK

health savings accounts information
Like many consumer products, HSAs have their own unique term and definitions. The following are just a few of the terms you’ll need to know to make understanding HSAs easier. Just click on a term to read its definition.

“Above the Line” Deduction

Beneficiary

Catch-up Contributions

Coinsurance

Contributions

Co-payment

Covered Expenses

Custodian

Deductible

Distributions

Embedded Deductible

Enrollee

Explanation of Benefits (EOB)

Family coverage

First-dollar Coverage

Flexible Spending Account (FSA)

Health Reimbursement Account (HRA)

Health Savings Account (HSA)

High Deductible Health Plan (HDHP)

Health Maintenance Organization (HMO)

In-Network

Maximum Annual Contribution

Medical Savings Account (MSA)

Out-of-Network

Out-of-Pocket Expenses

Out-of-Pocket Maximum

Permitted Insurance

Preferred Provider Organization (PPO)

Preventive Care

Qualified Medical Expenses

Tax-Free Contributions

Trustee

Umbrella Deductible