What is a Health Savings Account? (HSA).  You could be at the age you start thinking more seriously about any tax advantages available to you so let us explore the HSA benefits and if they work for you.

According to the Internal Revenue Service (Publication 969, 2007):  A Health Savings Account (HSA) is a tax-exempt trust or custodial account that you set up with a qualified HSA trustee to pay or reimburse certain medical expenses you incur.  You must be an eligible individual to qualify for an HSA. A qualified HSA trustee can be a bank, an insurance company, or anyone already approved by the IRS to be a trustee of individual retirement arrangements (IRAs). 

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