Health Savings Account (HSA)
A Health Savings Account (HSA) is a tax-advantaged spending and savings account that can be used to pay for qualified medical expenses. IRS rules govern who can have an HSA and how the funds can 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 can 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.