# Health Savings Account (HSA)

*Retirement & Benefits — Finicade finance glossary*

An HSA is the only account with three tax advantages at once: deductible contributions, tax-free growth, and tax-free withdrawals for medical costs. It requires a high-deductible health plan, and unlike an FSA the balance rolls over forever. Used well it is a stealth retirement account — pay medical bills from cash, save the receipts, and let the HSA compound for decades before reimbursing yourself tax-free.

**Also known as:** HSA, health savings account

**Related terms:** [Flexible Spending Account (FSA)](https://finicade.com/glossary/flexible-spending-account), [Tax-Advantaged Account](https://finicade.com/glossary/tax-advantaged-account), [Contribution Limit](https://finicade.com/glossary/contribution-limit), [Medicare](https://finicade.com/glossary/medicare), [Adjusted Gross Income (AGI)](https://finicade.com/glossary/adjusted-gross-income)

Source: https://finicade.com/glossary/health-savings-account