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HSA Bank is a health savings account (HSA) administrator in the United States. Based in Milwaukee and Sheboygan, Wisconsin , the company focuses on the administration, service, and support of health accounts including Health Savings Accounts, Flexible Spending Accounts, and Health Reimbursement Arrangements.
A taxpayer can generally make contributions to a health savings account for a given tax year until the deadline for filing the individual's income tax returns for that year, which is typically April 15. [25] All contributions to a health savings account from both the employer and the employee count toward the annual maximum.
In 2003, the health savings account was created. Since HSAs are a more widely available version of the MSA the original program is by and large obsolete. The exception to this is the state of California where MSA contributions are deductible on a state level and HSA contributions are not. [3]
A health savings account (HSA) is an account you can use to pay for your medical expenses with pretax money. You can put money in an HSA if you meet certain requirements.
Like many HSAs, a Lively HSA comes with a free debit card to pay health care expenses. It also offers online banking and a mobile app that lets you track and manage the account from anywhere.
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