Question:

What is a health savings account (HSA)?

Asked by: Jessica


Answers:

Health savings accounts are created solely for medical expenses. A HSA functions just like a regular banking account where you are able to deposit and withdrawl money out on your own. The main difference is that money in a HSA account MUST be used for medical expenses and the money is pre-taxed if it is deposited via your payroll.
Answered By: Sam


Add an Answer



Related Questions
What is an overdraft fee?
Asked By Robert| Answers (1)
 
 
 
 
Do You Represent A Bank?

If you represent a bank, we would like to speak to you. Please contact us.

About BankAround

BankAround is easiest way on the Internet for consumers to compare, share, and discover online banking services. BankAround presents a new, simple way to identify the best way to manage your money.
More »