health savings account

health savings account
n.
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.
abbrv.
HSA

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

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  • 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

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