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Tax Treatment of My HSA

HSA Categories -> Tax Treatment of My HSA -> Whats the difference between an HSA and a savings account?
QUESTION:

Whats the difference between an HSA and a savings account?

ANSWER:

The main difference between an HSA and a regular savings account is that with an HSA, the money is pre-tax so it must be used for specific medical expenses as defined by the IRS. There’s no tax advantage to a regular savings account, so you can use the money as you wish.

 


AZ-PROD-WEB01 11/18/2017 8:23:20 AM