Similar to an FSA, a Health Savings Account (HSA) allows people with health insurance to set aside money for qualified health care expenses, and the HSA has tax benefits too.
HSA’s are only available to people who have a high-deductible health plan, or HDHP. To qualify for an HSA, this HDHP must be your only health insurance plan, you must not be eligible for Medicare and you cannot be claimed as a dependent on someone else’s tax return. Not all plans with deductibles over these limits qualify for HSAs, so it’s important to check with the insurer before you buy.
Learn more about Health Savings Accounts at HealthCare.gov.