Definition
A tax-advantaged account for healthcare expenses that few employees actually maximize because who tracks medical spending like an accountant?
Example Usage
If you're enrolled in a high-deductible health plan, you're eligible to contribute up to $4,150 annually to an HSA.
Origin
Created in 2003 as part of Medicare Modernization Act; increasingly popular as employer benefit
Fun Fact
HSAs are often called 'stealth retirement accounts' because unused funds roll over indefinitely
Source: Employee benefits, tax law
Related Terms
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See “HSA (Health Savings Account)” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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