HSA are tax preferred savings accounts for use to pay for qualified medical expenses. HSAs must accompany a qualified high deductible plan (QHDP) to be allowed. Individuals or business can participate in HSA offerings. Money put in to an HSA by an employer is not considered income to the employee. Employees who put money in to their HSA can deduct the contribution on their taxes. There are many rules that surround HSA offerings and we are not going to delve into all the requirements needed to set up an HSA. This article will talk about the savings aspect of an HSA.