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IRA Savings

Health Savings Account (HSA)

A Health Savings Account allows individuals to pay for current health expenses and save for future qualified medical and retiree health costs on a tax free basis. To qualify for a Health Saving s Account (HAS), an individual must be covered by a Higher Deductible Health Plan (HDHP), must not be covered by other health insurance, is not eligible for Medicare and can not be claimed as a dependent on someone else's tax return.