Health Savings Account
noun[C]
INSURANCE(alsohealth savings account)ukus(abbreviationHSA)in the US, atypeofmedicalinsurancethatallowspeopletopayanamountofmoneyinto anaccounteachmonthwithoutpayingtaxon thatmoney. Health Savings Accounts are usuallypaidfor by bothcompaniesandtheiremployees:
Insurers andemployersarepushinghealthsavingsaccounts- thelatestproductin consumer-directedhealthcare.