Health savings accounts (HSAs) can be an affordable solution to managing healthcare costs. HSAs have some extremely taxpayer-friendly features. Qualified contributions are tax deductible and qualified withdrawals are tax-free. At the same time, they also help to force taxpayers to make better-educated decisions about how they spend their healthcare dollars. This course explores the features of health savings accounts (HSAs), including high-deductible health plans, contribution limits, distributions, administering an HSA, and HSAs and retirement. Upon completing this course, you should be able to: Explain the basic concepts of an HSA Identify the elements of a high-deductible health plan Explain the tax deductibility of contributions Describe permissible and prohibited HSA expenditures, both taxable and tax-free Advise on the basics of HSA administration Designate HSA beneficiaries Detail the differences between HSAs and similar accounts