Health Savings Account (HSA)
A Health Savings Account (HSA) is a tax-advantaged spending and savings account that may be used to pay for qualified medical expenses. IRS rules govern who may have an HSA and how the funds may be spent. The HSA is funded by pre-tax contributions from you, your employer, or both. See your certificate of coverage for information on contribution limits.
You may contribute up to the annual limit even if your health plan deductible is lower. The rates are subject to change every year, adjusted for inflation.