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Health savings account

Index Health savings account

A health savings account (HSA) is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a high-deductible health plan (HDHP). [1]

53 relations: America's Health Insurance Plans, American Academy of Actuaries, American Public Health Association, Blue Cross Blue Shield Association, Cafeteria plan, Cheque, Chiropractic, Co-insurance, Commonwealth Fund, Consumer-driven healthcare, Consumers Union, Debit card, Deductible, Direct primary care, Discrimination, Durable medical equipment, Employee Benefit Research Institute, Federal Deposit Insurance Corporation, Federal Insurance Contributions Act tax, Flexible spending account, Form 1040, George W. Bush, Glasses, Government Accountability Office, Health care in the United States, Health Reimbursement Account, Health system, Hearing aid, High-deductible health plan, Income tax, Individual retirement account, Insurance, Internal Revenue Code, Internal Revenue Service, Itemized deduction, John Zogby, JPMorgan Chase, Kaiser Family Foundation, Legal liability, Legislation, Medical savings account, Medical savings account (United States), Medicare Prescription Drug, Improvement, and Modernization Act, Over-the-counter drug, Patient Protection and Affordable Care Act, RAND Corporation, Single-payer healthcare, Supply and demand, Tax advantage, Tax Relief and Health Care Act of 2006, ..., United States, Victor Fuchs, Visual perception. Expand index (3 more) »

America's Health Insurance Plans

America’s Health Insurance Plans (AHIP) is a national political advocacy and trade association with about 1,300 member companies that sell health insurance coverage to more than 200 million Americans.

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American Academy of Actuaries

The American Academy of Actuaries, also known as the “Academy” or the AAA, is the body that represents and unites United States actuaries in all practice areas.

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American Public Health Association

The American Public Health Association (APHA) is a Washington, D.C.-based professional organization for public health professionals in the United States.

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Blue Cross Blue Shield Association

Blue Cross Blue Shield Association (BCBSA) is a federation of 36 separate United States health insurance organizations and companies, providing health insurance in the United States to more than 106 million people.

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Cafeteria plan

A cafeteria plan is a type of employee benefit plan offered in the United States pursuant to Section 125 of the Internal Revenue Code.

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Cheque

A cheque, or check (American English; see spelling differences), is a document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued.

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Chiropractic

Chiropractic is a form of alternative medicine mostly concerned with the diagnosis and treatment of mechanical disorders of the musculoskeletal system, especially the spine.

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Co-insurance

Coinsurance in insurance, is the splitting or spreading of risk among multiple parties.

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Commonwealth Fund

The Commonwealth Fund is a private U.S. foundation whose stated purpose is to "promote a high performing health care system that achieves better access, improved quality, and greater efficiency, particularly for society's most vulnerable and the elderly." It is active in a number of areas related to health care and health policy.

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Consumer-driven healthcare

Consumer-driven healthcare (CDHC), defined narrowly, refers to third-tier health insurance plans that allow members to use health savings accounts (HSAs), Health Reimbursement Accounts (HRAs), or similar medical payment products to pay routine healthcare expenses directly, but a high-deductible health plan protects them from catastrophic medical expenses.

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Consumers Union

Consumers Union (CU) is a United States-based non-profit organization focusing on product testing, investigative journalism, and consumer advocacy.

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Debit card

A debit card (also known as a bank card, plastic card or check card) is a plastic payment card that can be used instead of cash when making purchases.

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Deductible

In an insurance policy, the deductible is the amount paid out of pocket by the policy holder before an insurance provider will pay any expenses.

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Direct primary care

In the United States, direct primary care (DPC) is a type of primary care billing and payment arrangement made between patients and providers, without sending claims to insurance providers.

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Discrimination

In human social affairs, discrimination is treatment or consideration of, or making a distinction in favor of or against, a person based on the group, class, or category to which the person is perceived to belong.

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Durable medical equipment

Durable Medical Equipment (DME) is any equipment that provides therapeutic benefits to a patient in need because of certain medical conditions and/or illnesses.

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Employee Benefit Research Institute

Employee Benefit Research Institute (EBRI) is a nonpartisan, nonprofit research institute based in Washington, DC, that produces original research on health, savings, retirement, and economic security issues, including 401(k) and retirement plan coverage data, post-retirement income adequacy, health coverage and the uninsured, and economic security of the elderly.

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Federal Deposit Insurance Corporation

The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation providing deposit insurance to depositors in U.S. commercial banks and savings institutions.

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Federal Insurance Contributions Act tax

The Federal Insurance Contributions Act (FICA) is a United States federal payroll (or employment) contribution directed towards both employees and employers to fund Social Security and Medicare—federal programs that provide benefits for retirees, disabled people, and children of deceased workers.

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Flexible spending account

A flexible spending account (FSA), also known as a flexible spending arrangement, is one of a number of tax-advantaged financial accounts that can be set up through a cafeteria plan of an employer in the United States.

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Form 1040

Form 1040 (officially, the "U.S. Individual Income Tax Return") is one of three IRS tax forms (see variants section for explanations of each) used for personal (individual) federal income tax returns filed with the Internal Revenue Service (IRS) by United States residents for tax purposes.

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George W. Bush

George Walker Bush (born July 6, 1946) is an American politician who served as the 43rd President of the United States from 2001 to 2009.

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Glasses

Glasses, also known as eyeglasses or spectacles, are devices consisting of glass or hard plastic lenses mounted in a frame that holds them in front of a person's eyes, typically using a bridge over the nose and arms which rest over the ears.

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Government Accountability Office

The Government Accountability Office (GAO) is a legislative branch government agency that provides auditing, evaluation, and investigative services for the United States Congress.

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Health care in the United States

Health care in the United States is provided by many distinct organizations.

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Health Reimbursement Account

Health Reimbursement Account is a notional derivative of a Health Reimbursement Arrangement (HRA), a type of US employer-funded health benefit plan that reimburses employees for out-of-pocket medical expenses.

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Health system

A health system, also sometimes referred to as health care system or as healthcare system, is the organization of people, institutions, and resources that deliver health care services to meet the health needs of target populations.

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Hearing aid

A hearing aid is a device designed to improve hearing by making sound audible to a person with hearing loss.

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High-deductible health plan

In the United States, a high-deductible health plan (HDHP) is a health insurance plan with lower premiums and higher deductibles than a traditional health plan.

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Income tax

An income tax is a tax imposed on individuals or entities (taxpayers) that varies with respective income or profits (taxable income).

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Individual retirement account

An individual retirement account (IRA) is a form of "individual retirement plan", provided by many financial institutions, that provides tax advantages for retirement savings in the United States.

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Insurance

Insurance is a means of protection from financial loss.

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Internal Revenue Code

The Internal Revenue Code (IRC), formally the Internal Revenue Code of 1986, is the domestic portion of federal statutory tax law in the United States, published in various volumes of the United States Statutes at Large, and separately as Title 26 of the United States Code (USC).

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Internal Revenue Service

The Internal Revenue Service (IRS) is the revenue service of the United States federal government.

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Itemized deduction

Under United States tax law, itemized deductions are eligible expenses that individual taxpayers can claim on federal income tax returns and which decrease their taxable income, and is claimable in place of a standard deduction, if available.

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John Zogby

John J. Zogby (born September 3, 1948) is an American public opinion pollster, author, and public speaker.

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JPMorgan Chase

JPMorgan Chase & Co. is an American multinational investment bank and financial services company headquartered in New York City.

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Kaiser Family Foundation

The Henry J. Kaiser Family Foundation, or just Kaiser Family Foundation (KFF), is an American non-profit organization, headquartered in San Francisco, California.

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Legal liability

In law, liable means "esponsible or answerable in law; legally obligated." Legal liability concerns both civil law and criminal law and can arise from various areas of law, such as contracts, torts, taxes, or fines given by government agencies.

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Legislation

Legislation (or "statutory law") is law which has been promulgated (or "enacted") by a legislature or other governing body or the process of making it.

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Medical savings account

A medical savings account (MSA) is an account into which tax-deferred amounts from income can be deposited.

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Medical savings account (United States)

In the United States, a medical savings account (MSA) refers to a medical savings account program, generally associated with self-employed individuals, in which tax-deferred deposits can be made for medical expenses.

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Medicare Prescription Drug, Improvement, and Modernization Act

The Medicare Prescription Drug, Improvement, and Modernization Act, also called the Medicare Modernization Act or MMA, is a federal law of the United States, enacted in 2003.

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Over-the-counter drug

Over-the-counter (OTC) drugs are medicines sold directly to a consumer without a prescription from a healthcare professional, as opposed to prescription drugs, which may be sold only to consumers possessing a valid prescription.

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Patient Protection and Affordable Care Act

The Patient Protection and Affordable Care Act, often shortened to the Affordable Care Act (ACA) or nicknamed Obamacare, is a United States federal statute enacted by the 111th United States Congress and signed into law by President Barack Obama on March 23, 2010.

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RAND Corporation

RAND Corporation ("Research ANd Development") is an American nonprofit global policy think tank created in 1948 by Douglas Aircraft Company to offer research and analysis to the United States Armed Forces.

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Single-payer healthcare

Single-payer healthcare is a healthcare system financed by taxes that covers the costs of essential healthcare for all residents, with costs covered by a single public system (hence 'single-payer').

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Supply and demand

In microeconomics, supply and demand is an economic model of price determination in a market.

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Tax advantage

Tax advantage refers to the economic bonus which applies to certain accounts or investments that are, by statute, tax-reduced, tax-deferred, or tax-free.

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Tax Relief and Health Care Act of 2006

The Tax Relief and Health Care Act of 2006, includes a package of tax extenders, provisions affecting health savings accounts and other provisions in the United States.

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United States

The United States of America (USA), commonly known as the United States (U.S.) or America, is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.

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Victor Fuchs

Victor Robert Fuchs (born 1924) is an American health economist.

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Visual perception

Visual perception is the ability to interpret the surrounding environment using light in the visible spectrum reflected by the objects in the environment.

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HSA tax documents, Health Savings Account, Health Savings Accounts.

References

[1] https://en.wikipedia.org/wiki/Health_savings_account

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