HSA (Health Savings Account)
A triple-tax-advantaged account for medical expenses, available with a high-deductible health plan.
What does hsa mean?
HSA contributions are tax-deductible, grow tax-free, and come out tax-free for qualified medical costs — a combination no other account offers. Unused funds roll over and can be invested, making it a powerful long-term account.
Put it to use
Health Savings Account (HSA) Contribution Calculator This Health Savings Account (HSA) calculator determines the amount you are allowed to deposit into an HSA account for the current tax year. Health Savings Account (HSA) Savings Calculator Use this calculator to help you determine how much your Health Savings Account (HSA) will be worth over time.
Related terms
HSA — frequently asked
Can I invest the money in my HSA?
Yes. Most HSA providers let you invest the balance above a small cash threshold in mutual funds or ETFs, where it grows tax-free. Used this way, an HSA becomes a powerful long-term account, not just a spending account.
What happens to my HSA if I don’t spend it?
Unlike an FSA, HSA funds never expire — they roll over every year and stay yours even if you change jobs or health plans. After age 65 you can withdraw for any purpose, paying only ordinary income tax, like a traditional IRA.