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Glossary

Health Savings Account (HSA)

Also called: HSA

A tax-advantaged account that lets people with high-deductible health plans save pre-tax dollars for medical expenses.

Full definition

HSAs are the most tax-advantaged account in the US tax code — triple-tax-advantaged: contributions are pre-tax, growth is tax-free, and qualified medical withdrawals are tax-free. To qualify, you must be enrolled in a high-deductible health plan (HDHP). Solo operators frequently pair an HSA with a marketplace HDHP and use it as a stealth retirement account, keeping receipts for decades before reimbursing themselves in retirement. 2026 contribution limits: $4,300 self-only, $8,550 family, +$1,000 catch-up over 55.

Used for

  • health expense tracking
  • solo retirement planning
  • tax-advantaged saving

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