Tag: HSAs
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The Role of Health Savings Accounts (HSAs) in Health Insurance
Introduction to Health Savings Accounts (HSAs) Health Savings Accounts (HSAs) are specialized savings accounts created to help individuals save for medical expenses on a tax-advantaged basis. Established under the Medicare Prescription Drug, Improvement, and Modernization Act of 2003, HSAs were designed to offer a financial safety net for healthcare costs, thereby enhancing the overall efficiency…