Health Savings Accounts (HSAs) � 2021

Finn Kevin18 May, 2022Finance

A health savings account (HSA) is a tax-exempt or custodial account set up with a qualified health savings account trustee to pay or reimburse certain medical expenses incurred by you, your spouse, and your qualified dependents. The medical expenses must not be reimbursable by insurance or other sources, and distributions from HSA funds will not give rise to a medical expense deduction on your tax return.