Health Savings Account (HSA)

HSA plan designs are a way to "pay yourself" rather than pay premiums to an insurance company. By "pay yourself" we mean making contributions into an HSA. For example, instead of the high premium of a $0 deductible medical plan, you can get a lower-priced $5000 deductible plan and use the premium savings to fund an HSA. By having an HSA and making contributions, you're then able to pay for medical expenses with tax-free dollars while also reducing your taxable income.