Why should I consider getting an HSA?

You may save money in the short and long term by:
  • Deducting 100% of your HSA contributions from your taxable income


  • Having the money in your HSA accrue interest and/or gains on a tax-free basis


  • Paying no penalties or taxes when you use your HSA to pay for qualified medical expenses


  • Having a high-deductible HSA-eligible health insurance plan, which typically has a lower premium than a plan with a lower deductible


Note: Some HSAs charge a small monthly maintenance fee.