A Health Savings Account allows you to use tax-free dollars so that you can save on eligible health purchases, ranging from OTC (over-the-counter) products, prescriptions, vision health essentials, and more.

Unlike FSAs (flexible spending accounts) you don’t get an HSA through your employer. Instead, you own and control the money in your account, although some employers will still contribute to the account on your behalf.

In order to be eligible for an HSA, you need to be two things:

1. Under the age of 65
2. Enrolled in a high-deductible health insurance plan

While HSAs are always individually owned, they may also be available as part of your employer's benefits package, which will let you set aside pre-tax dollars from your paycheck to fund it.

HSA holders can use an HSA card, such as the purple Benepass card labeled "HSA", for purchases. HSA holders can also use their own debit/credit card, or cash and submit an expense for reimbursement.

If you have any questions about HSAs in general, we encourage you to visit www.hsastore.com