Financial Answer Center
Health Savings Accounts
- What Are Health Savings Accounts?
- Who Can Establish an HSA?
- How Much Can Be Contributed to an HSA?
- How Do You Establish an HSA?
- Who Can Make Contributions to an HSA?
- How Are Contributions Made to an HSA?
- Can You Make Contributions to an HSA if You Are Covered under an FSA or HRA?
- Can Your Contributions Earn Interest?
- How Are Contributions Taxed?
- How Are Distributions Taxed?
- What Are Qualified Medical Expenses?
- Are Rollovers Permitted?
- What Happens to Funds Remaining in Your HSA?
Can Your Contributions Earn Interest?
Your HSA contributions earn interest. As the account owner, you can direct your contributions to any number of savings or investment options offered by the trustee or custodian of your HSA. Any interest and investment earnings on your contributions grow tax-deferred until money is withdrawn from your HSA. In addition, interest will be tax-free when you withdraw to pay for qualified medical expenses.
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