The Pocket Guide to Health Savings Accounts
Liv Finne, Adjunct Scholar, and Tanya Karwaki, Director, Center for Health Care Reform, June, 2006
Health Savings Accounts (HSAs) present a new opportunity for consumers to save for health care expenses and directly control more of their health care dollars. Under the current third-party payer system – whether the third-party payer is an employer, government program, or an insurance company – the consumer is removed from decisions of quality, cost, and necessity. HSAs, financed with pre-tax contributions and available to anyone covered by a high deductible health plan, provide consumers with more control and responsibility for their health care decisions.