A health Savings Account (HSA) is a tax-advantaged medical savings account a family or individual can use to pay for qualified medical expenses. HSAs are paired with a high-deductible health plan (HDHP) and have annual Contribution Limits. Each year, the IRS adjusts the annual contribution limit, annual deductible amounts, and other limits for HSAs.
This post first appeared on Small Business Employee Benefits And HR, please read the originial post: here