Health Equity
https://www.healthequity.com
Health Savings Account - Advantages and Disadvantages
https://www.investopedia.com/articles/personal-finance/090814/pros-and-cons-health-savings-account-hsa.asp
Health Savings Account (HSA)
Healtcare.gov
https://www.healthcare.gov/glossary/health-savings-account-hsa/
https://www.healthcare.gov
A type of savings account that lets you set aside money on a pre-tax basis
to pay for qualified medical expenses. By using untaxed dollars in a Health
Savings Account (HSA) to pay for deductibles, copayments, coinsurance, and
some other expenses, you may be able to lower your overall health care
costs. HSA funds generally may not be used to pay premiums.
While you can use the funds in an HSA at any time to pay for qualified
medical expenses, you may contribute to an HSA only if you have a High
Deductible Health Plan (HDHP) — generally a health plan (including a
Marketplace plan) that only covers preventive services before the
deductible. For plan year 2019, the minimum deductible is $1,350 for an
individual and $2,700 for a family. For plan year 2020, the minimum
deductible for an HDHP is $1,400 for an individual and $2,800 for a family.
When you view plans in the Marketplace, you can see if they’re
"HSA-eligible."
For 2019, if you have an HDHP, you can contribute up to $3,500 for
self-only coverage and up to $7,000 for family coverage into an HSA. For
2020, if you have an HDHP, you can contribute up to $3,550 for self-only
coverage and up to $7,100 for family coverage into an HSA. HSA funds roll
over year to year if you don't spend them. An HSA may earn interest or
other earnings, which are not taxable.
Some health insurance companies offer HSAs for their HDHPs. Check with your
company. You can also open an HSA through some banks and other financial
institutions.
Health Savings Accounts: Advantages and Disadvantages
Investopedia
https://www.investopedia.com/articles/personal-finance/090814/pros-and-cons-health-savings-account-hsa.asp
https://www.investopedia.com
These savings accounts are portable and convenient, but have some
drawbacks.
A Health Savings Account (HSA) is like a personal savings account, but it
can only be used for qualified healthcare expenses. To be eligible, you
must be enrolled in a High-Deductible Health Plan (HDHP). Health Savings
Accounts also have some important tax advantages.