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  • financial-independence

Health Savings Account (HSA)

A sort of savings account that allows you to place money aside for eligible medical costs before taxes. You may be able to minimize your total health care costs by utilizing untaxed cash in a Health Savings Account (HSA) to pay for deductibles, copayments, coinsurance, and other expenditures. In most cases, HSA money cannot be used to pay for insurance premiums.

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