Health Savings Accounts
A Health Savings Account (HSA) gives you more flexibility and control over health care costs. That's because it empowers you to make your own health care decisions. HSAs are available for people with high deductible health plans. HSA contributions are deductible, and the account earnings accumulate on a tax-deferred basis. Distributions from an HSA are tax-free if they are used for qualified medical expenses.
Publication 969 Health Savings Accounts and Other Tax-Favored Health Plans (PDF) can help you determine if you qualify.
Learn about HSAs, qualified medical expenses, and eligibility
- HSA frequently asked questions, published by the U.S. Department of the Treasury.
- IRS publication 502 Medical and Dental Expenses (PDF) discusses the qualifying medical expenses.
- IRS publication 969 Health Savings Accounts and Other Tax-Favored Health Plans (PDF) lists eligibility requirements and other tax rules.