Health Savings Accounts
are designed to make
health insurance more
affordable by combining a
tax free savings account
with a high deductible
health insurance plan. It
allows for "before tax
contributions" from
employers and employees
into a savings account that
can be used for medical
expenses. The contributions
cover first-dollar medical
costs until a health
insurance plan deductible is
met. High deductible health
insurance has lower
premiums that are more
affordable for employers
and employees.
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