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What is a Healt Saving Account?

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Anonymous

15y ago
Updated: 9/10/2019

A health savings account is a federally-sponsored account where you can set aside money to cover health expenses. This has major tax advantages compared to just saving money in general.

A health savings account is an account that you can put money into on a pre-tax basis. That money is then used for approved health needs, such as prescriptions and doctor's co-payments.

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Wiki User

15y ago

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