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Health Savings Account (HSA): A health savings account (HSA) is a tax-favored savings account created for the purpose of paying medical expenses.

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Terms to know

Deductible
Generic / Brand Name Drugs

Out of Pocket Maximum
Co-Payment
Co-Insurance
In/Out of Network
Explanation of Benefits
Exclusion
Outpatient
Pre-existing Condition

Plan Types

Provider / PCP
PPO / HMO / POS
Short Term Medical
High Deductible Plan

 

 

 

 

 

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