Health Savings Account (HSA)

What is Health Savings Account (HSA)?

A type of savings account for individuals with high-deductible health plans to save for medical expenses that aren’t covered by those plans.

Why Health Savings Account (HSA) Matters

Employers offer health savings account (hsa) as part of a competitive total rewards package to attract and retain talent. The specifics vary by organization, industry, and jurisdiction, but the core purpose is to support employee wellbeing and financial security.

When evaluating or administering this benefit, HR professionals should consider legal compliance requirements, cost implications, and how it aligns with the organization’s overall benefits strategy.