What is a Health Savings Account (HSA)? Louisa July 13, 2023 17:44 Updated An HSA is a type of savings account that allows individuals to set aside money on a pre-tax basis to pay for qualified medical expenses. To learn more about HSAs, read here. Related articles I thought I had to use my HSA card for HSA eligible purchases! How can I use my HSA with my Ness Card? What is covered in an HSA? How do I pay off just my HSA eligible purchases? Why don’t certain transactions at places like Walgreens, CVS, or Amazon count?