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A Health Savings Account (HSA) is a savings account used in conjunction with a high-deductible health plan (HDHP) to pay for qualified medical expenses. Contributions to the account are made pre-tax and can be withdrawn tax-free to pay for qualified medical expenses. The money in the account can roll over from year to year and can be invested to grow over time. Only people enrolled in an HDHP are eligible to open and contribute to an HSA, and there are limits on the amount that can be contributed each year.