Skip to main content
HSA

What is it and how does it work?

B
Written by Blue Cross and Blue Shield of Louisiana
Updated over 4 years ago

A health savings account, or HSA, is a tax-advantage savings account that belongs to you and gives you more flexibility and control over your healthcare dollars. You can set aside money in your HSA to pay for qualified health expenses, tax-free. Your employer can also contribute to your HSA under certain arrangements.

How it works: HSA is always paired with a qualified high-deductible health plan (HDHP), like BlueSaver. That means you must sign up for a certain type of health insurance plan in order to be eligible to set up an HSA.
โ€‹

Click here to learn more about your HSA, like qualified expenses and limits.

Did this answer your question?