A Health Savings Account is a special tax-sheltered savings account that is similar to a traditional Individual Retirement Account (IRA), but designated for medical expenses. An HSA allows you to pay for current health expenses and save for future qualified medical and retiree health care expenses on a tax-free basis. Contributions, earnings, and qualified distributions all are exempt from federal income and Social Security (FICA) taxes.

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Read the SierraHSA Frequently Asked Questions 1-888-454-BANK