Health Savings Account (HSA)
The Health Savings Account (HSA) is a financial account that is owned by an individual and associated with a Consumer Directed Health Plan (CDHP). Contributions can be made by employee, employer, or both to the account to pay for eligible medical expenses up to the IRS maximum allowed amount annually. With the HSA there is no “use it or lose it”, unused funds will rollover. The money in your HSA will earn interest tax free and investment options are provided for account balances over $1,000.
For more HSA reference information and to access HSA forms please visit the SelectAccount Website: Select Account