The Tax Advantages of an HSA

Health savings accounts have three tax advantages:

• The money put into the account is not taxed, so having an HSA can result in paying less income tax.
• Interest that an HSA account earns grows tax-free.
• As long as the owner of the HSA uses the money for qualified expenses, the HSA money will not be taxed at all.

Visit the U.S. Department of the Treasury's website for detailed information about HSAs, including an example of potential tax advantages, legislative information and answers to frequently asked questions.