A health savings account (HSA) allows you to save money for qualified medical expenses that you’re expecting, such as contact lenses or monthly prescriptions, as well as unexpected ones — this year and for any future needs. It’s a win-win for saving on health costs today, tomorrow, and even through retirement.

In adding, Health savings accounts allow you to pay less taxes by lowering your taxable income while simultaneously saving for qualified medical expenses. Your money grows tax-free, and withdrawals are also tax-free when used on eligible medical expenses. Any money left in your HSA at the end of the year will automatically carry over to the next year, so you don't have to worry about losing any funds.