Health Savings Account Eligibility Requirements Video

Summary

This practice video describes the requirements for health savings arrangements (HSAs) operating under Internal Revenue Code Section 223 which allow employees (and taxpayers, generally) to save for their healthcare expenses on a tax-favored basis. For employees this can be done by making pre-tax contributions, perhaps through an employer cafeteria plan, or alternatively by contributing outside an employer plan and taking deductions for the contributions on the individuals' personal income tax return. Participation in a high-deductible health plan is required. Learn more about HSAs by watching this video.