Insurance

Insurance

Surprising ways to use your HSA Savings

A health savings account (HSA) is a tax-exempt trust or custodial account that you set up with a qualified HSA trustee to pay or reimburse certain medical expenses you incur. You must be an eligible individual to qualify and the account can be established through a qualified HSA trustee. A qualified HSA trustee can be a bank, insurance company or anyone already approved by the IRS to be a trustee of individual retirement arrangements. Although HSA accounts are intended to cover healthcare expenses, you may be surprised by the many different ways that you can utilize the funds in an...