As a foreigner living in the U.S., I have no idea what is this and it’s benefits. Would it help me pay less on my health insurance?
Thanks in advance!
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HSA accounts of a feature of high deductible health insurance plans: in exchange for potentially higher out of pocket costs (especially if you don’t end up having a lot of expenses that year) you’re given a plan with a lower premium and also access to an HSA account which is entirely income tax free as long as it’s either used only for health expenses or saved for retirement.
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