What is HSA (Health Savings Account)? | LIFE-HEALTH Exam Prep

An HSA is a tax-advantaged savings account for individuals with high-deductible health plans, offering triple tax benefits: tax-deductible contributions, tax-free growth, and tax-free withdrawals for qualified medical expenses. 📚 Learn more about HSA (Health Savings Account) and other key terms for your LIFE-HEALTH exam at Open Exam Prep. 🎯 This term appears on: LIFE-HEALTH 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 HSA (Health Savings Account) definition: https://www.open-exam-prep.com/glossary/hsa 💡 Exam Tip: HSA = triple tax advantage. Requires HDHP. Funds roll over and are portable. --- #insurance #examprep #financeexam #life-health