HSA: Health Savings Accounts, commonly referred to as HSA's were first allowed in 2004. An HSA is a special savings account used to pay for qualified medical expenses for people with special type of major medical insurance called a high deductible health plan (HDHP).

An HSA allows you the opportunity to dsave tax free, four routing healthcare and other qualfied expenses while your HDHP insurance gives you financial security from the large expenses of a major illness.

An HSA provides triple tax savings: