health savings account

health savings account
A savings account available to people who participate in a high deductible health plan that allows them to save pretax earnings to pay for qualified medical expenses and carry over their savings from year to year.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.

Look at other dictionaries:

  • Health Savings Account — UK US (also health savings account) noun [C] (ABBREVIATION HSA) INSURANCE ► in the US, a type of medical insurance that allows people to pay an amount of money into an account each month without paying tax on that money. Health Savings Accounts… …   Financial and business terms

  • Health savings account — A Health Savings Account (HSA) is a tax advantaged medical savings account available to taxpayers in the United States who are enrolled in a High Deductible Health Plan (HDHP). The funds contributed to the account are not subject to federal… …   Wikipedia

  • health savings account — …   Useful english dictionary

  • Health Savings Account - HSA — An account created for individuals who are covered under high deductible health plans (HDHPs) to save for medical expenses that HDHPs do not cover. Contributions are made into the account by the individual or the individual s employer and are… …   Investment dictionary

  • Health Reimbursement Account — Health Reimbursement Accounts, or Health Reimbursement Arrangements, (HRAs) are IRS sanctioned arrangements that allow an employer, as agreed to in the HRA plan document, to reimburse for medical expenses paid by participating employees. HRAs… …   Wikipedia

  • Medical savings account — Taxation An aspect of fiscal policy …   Wikipedia

  • flexible savings account — (FSA) An account into which employees may set aside pretax income for medical expenses not paid by health insurance (such as co payments, premiums, and expenses that are outside of the employer s plan) or for dependent care expenses. Category:… …   Law dictionary

  • Medical savings account (United States) — Health care in the United States Public health care Federal Employees Health Benefits Program Indian Health Service Medicaid Medicare Military Health System / TRICARE State Children s Health Insurance Program (SCHIP) Veterans Health… …   Wikipedia

  • Medical Savings Account - MSA — A medical plan combining high deductible medical insurance protection with a tax deferred savings account that can be offered by employers as part of a benefits package. Medical savings accounts are designed to help participants pay for medical… …   Investment dictionary

  • Health care reform debate in the United States — See also: Health care reform in the United States, Health care in the United States, and Uninsured in the United States Health care in the United States Public health care Federal Employees Health Benefits Program Indian Health Service… …   Wikipedia

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