health savings account


HSA. A part of an employee's health plan, into which deposits can be made by the employer or the employee. These funds can then be used to pay for a variety of the individual's medial expenses, such as insurance co-pays and deductibles, as well as over the counter medicine.

Use this term in a sentence

You should always try to offer as good of a health savings account as you can so that you can get the best employees.

​ Was this Helpful? YES  NO 10 people found this helpful.

The health savings account was matched by the employer so the employee was able to spend as needed with regards to the employee's health issues.

​ Was this Helpful? YES  NO 9 people found this helpful.

When my wife got sick, we were grateful that we had decided to set aside money from our pay at work into our health savings account to pay our medical bills.

​ Was this Helpful? YES  NO 4 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
high-deductible health plan (HDHP) medical savings account