This article is about medical savings accounts in the United States. For international uses, see medical savings account.
Healthcare in the United States
Government health programs
Federal Employees Health Benefits Program (FEHBP)
Indian Health Service (IHS)
Medicaid / State Health Insurance Assistance Program (SHIP)
Medicare
Prescription Assistance (SPAP)
Military Health System (MHS) / Tricare
Children's Health Insurance Program (CHIP)
Program of All-Inclusive Care for the Elderly (PACE)
Veterans Health Administration (VHA)
Private health coverage
Consumer-driven healthcare
Flexible spending account (FSA)
Health reimbursement account (HRA)
Health savings account (HSA)
High-deductible health plan (HDHP)
Medical savings account (MSA)
Private Fee-For-Service (PFFS)
Health insurance in the United States
Health insurance marketplaces
Premium tax credit
Managed care (CCP)
Exclusive provider organization (EPO)
Health maintenance organization (HMO)
Preferred provider organization (PPO)
Medical underwriting
Health care reform law
Emergency Medical Treatment and Active Labor Act (1986)
Health Insurance Portability and Accountability Act (1996)
Medicare Prescription Drug, Improvement, and Modernization Act (2003)
Patient Safety and Quality Improvement Act (2005)
Health Information Technology for Economic and Clinical Health Act (2009)
Patient Protection and Affordable Care Act (2010)
State level reform
Dirigo Health (Maine)
Massachusetts health care reform
Oregon Health Plan
SustiNet (Connecticut)
Vermont health care reform
Municipal health coverage
Healthcare in California
Healthy San Francisco
Healthy Way LA
My Health LA
Fair Share Health Care Act (Maryland)
Healthy Howard (Howard Co., Maryland)
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A health savings account (HSA) is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a high-deductible health plan (HDHP).[1][2] The funds contributed to an account are not subject to federal income tax at the time of deposit.[3] Unlike a flexible spending account (FSA), HSA funds roll over and accumulate year to year if they are not spent. HSAs are owned by the individual, which differentiates them from company-owned Health Reimbursement Arrangements (HRA) that are an alternate tax-deductible source of funds paired with either high-deductible health plans or standard health plans.
HSA funds may be used to pay for qualified medical expenses at any time without federal tax liability or penalty. Beginning in early 2011 over-the-counter medications could not be paid with an HSA without a doctor's prescription, although that requirement was lifted as of January 1, 2020.[4][5] Withdrawals for non-medical expenses are treated very similarly to those in an individual retirement account (IRA) in that they may provide tax advantages if taken after retirement age, and they incur penalties if taken earlier. The accounts are a component of consumer-driven health care.
Proponents of HSAs believe that they are an important reform that will help reduce the growth of health care costs and increase the efficiency of the health care system. According to proponents, HSAs encourage saving for future health care expenses, allow the patient to receive needed care without a gatekeeper to determine what benefits are allowed, and make consumers more responsible for their own health care choices through the required high-deductible health plan.[1] Opponents observe that the structure of HSAs complicates the decision of whether to obtain medical treatment, by setting it against tax liability and retirement-saving goals. There is also debate about consumer satisfaction with these plans.
A healthsavingsaccount (HSA) is a tax-advantaged medical savingsaccount available to taxpayers in the United States who are enrolled in a high-deductible...
A medical savingsaccount (MSA) is an account into which tax-deferred amounts from income can be deposited. The amounts are often called contributions...
spending account, the medical expense FSA (also medical FSA or health FSA), is similar to a healthsavingsaccount (HSA) or a health reimbursement account (HRA)...
partnered with Devenir in June 2016 to provide a private-labeled healthsavingsaccount investment platform to banks and credit unions. "Our Leadership"...
HSA Bank is a healthsavingsaccount (HSA) administrator in the United States. Based in Milwaukee and Sheboygan, Wisconsin, the company focuses on the...
A Health Reimbursement Arrangement, also known as a Health Reimbursement Account (HRA), is a type of US employer-funded health benefit plan that reimburses...
An individual savingsaccount (ISA; /ˈaɪsə/) is a class of retail investment arrangement available to residents of the United Kingdom. First introduced...
organization (PPO) along with a high deductible health plan (HDHP) that can be paired with a healthsavingsaccount (HSA). On the dental side, GEHA offers two...
In the United States, a health maintenance organization (HMO) is a medical insurance group that provides health services for a fixed annual fee. It is...
which encourages consumers to have a high-deductible health plan and a healthsavingsaccount. In October 2019, the state of Colorado proposed running...
Installment Corporation, Webster Capital Finance, and provides healthsavingsaccount trustee and administrative services through HSA Bank of Sheboygan...
tax-favored spending accounts such as flexible spending accounts (FSA) and health reimbursement accounts (HRA), and sometimes healthsavingsaccounts (HSA) as well...
amphibious vehicle created by Alan Gibbs Healthsavingsaccount, US Health Spending Account, Canada Healthcare Spending Account, Canada Heterogeneous System Architecture...
Innovations were limited to healthsavingsaccounts (2003), medical savingsaccounts (1996) or flexible spending accounts, which increased insurance options...
reservists, performing artists, and fee-basis government officials, Healthsavingsaccount deductions, Certain moving expenses One-half of self-employment...
high-deductible plan allows employees to open a healthsavingsaccount, which allows them to contribute pre-tax savings towards future medical needs. Some employers...
profiles more than 5,000 plans, including new consumer-driven health plans and healthsavingsaccounts. In addition, 26 states have contracts with MCOs to deliver...
estimated to lead to an estimated median savings of $470 million from 2012 to 2015. The US Department of Health and Human Services (DHHS) proposed the initial...
medical savingsaccount scheme. All working citizens and permanent residents are obligated to set aside a portion of their income into Medisave accounts, which...
insurance plan may also include a Healthsavingsaccount or HSA, which enable workers to save money tax-free for health expenses. The Kaiser Family Foundation...
forms of savings plans. Tax-preferenced health care spending account Coupled with high-deductible plans are various tax-advantaged savings plans—funds...
2922), includes a package of tax extenders, provisions affecting healthsavingsaccounts and other provisions in the United States. The Act retroactively...
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