But different in 2 aspects
It’s Tax Free! Keep It Forever!

Money In

Deposits Made 
are Tax Free

Interest Gained 
​Grows Tax Free

Receiving money from friends and family
Rounding Up Contributions
Auto/schedule Deposits
Bank Transfers
Employer Contributions
Paycheck Contributions

Money Out

Medical Expenses

HSAs Are A Great Way To Pay For Medical Expenses

Medical Expenses Are Tax Free

Using your HSA to pay for medical services is also tax free.

Contributions Are Tax Free

Contribute up the maximum every year, you’re entitled to keep every penny, tax free.

Interest Gained Is Tax Free

You gain interest on all your deposits. Keeping them year-over-year.

Take It With You

If you switch jobs, you keep your HSA. So switching jobs means you won’t lose anything.

You qualify for an HSA if you have a High Deductible Health Plan and you don't have an
FSA Or HRA. There are other qualifications but these are the basics.

What's a high
deductible health plan?

Low monthly cost

High cost when you see a doctor

High Deductible Health Plans (HDHP) as defined by the IRS as: “…any plan with a deductible of
at least $1,350 for an individual or $2,700 for a family.”