Health Savings Account

Published on December 8, 2015 by





Have a Health Savings Account but not sure what it is or how to use it?

What is a Health Savings Account?

A Health Savings Account (HSA) is a personal bank account created exclusively for individuals to pay for eligible health expenses and save for future healthcare expenses tax-free.

How does the HSA work?

It’s just like a bank account, but for eligible medical expenses. Here’s how it works:

-Put money in your HSA through payroll deduction or direct deposit.

-When you have an eligible expense, withdraw money from your HSA to pay for it. Or save your

money for a future expense like pregnancy or braces.

-Once you reach your HDHP (High Deductible Health Plan) deductible, your health plan coverage starts.







Where can I open an HSA account?

Many banks and credit unions offer HSAs. Your employer may have a preferred HSA option, otherwise you can choose any financial institution you want.

HSA Qualified Dental Expenses

Non-cosmetic dental treatments.

Examples include:



Diagnostic services


Orthodontia (not for cosmetic reasons)

Teeth cleaning

Tooth extraction


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