 TITLE: What Can You Purchase With HSA Funds? CONTENT: How Does an HSA Work?\n---------------------\nHSAs are tax-advantaged accounts meant for medical expenses that are funded by contributions from you, your employer or both. They can provide a triple benefit in terms of tax savings since you may be able to deduct your contributions, and avoid paying taxes on account interest or investments gains as well as on withdrawals you make.\nWhen you have an approved medical expense, you might use an HSA-provided debit card to pay at your doctor's office, pharmacy or with another approved vendor. Alternatively, your HSA may provide access to online bill payment, checks or a reimbursement process that pays you back for bills and purchases you've covered using other forms of payment.\nAccess to an HSA account may be provided directly through your employer, or you may create one at a bank, credit union or investment company that acts as an HSA administrator. HSA comparison services such as HSA Search can help you find a provider and weigh your options.\nUnlike the money in a flexible-spending account, HSA funds do not need to be spent within a given year. Once you contribute money to an HSA, that money is yours—even if you change employers or health plans. END