A health savings account (HSA) is an account paired with a high-deductible health plan. It lets you pay qualified medical bills with money set aside before income tax. For example, an HSA can pay a doctor visit, glasses, or a prescription. Unspent money stays with you from year to year, and you keep the account if you change jobs.

Related Lessons:

• Click Here for our lesson on Paying For Healthcare – Using FSA, HSA, and HRA
• Click Here for our lesson on What Benefits to Look for in a Job Offer
• Click Here for our lesson on Tax Credits & Deductions You Need to Know