What does "HSA" stand for in the context of veterans' health care?

In the context of veterans' health care, "HSA" stands for Health Savings Account. This designation is particularly relevant for individuals who want to manage their healthcare expenses more effectively. An HSA is a tax-advantaged savings account that allows individuals to set aside money specifically for medical expenses. Contributions to HSAs can be made pre-tax, and the funds can grow tax-free. This means that when veterans or their dependents incur medical costs, they can use the money from their HSA to pay for eligible expenses without facing tax penalties.

Additionally, HSAs provide flexibility in funding since the money can be rolled over from year to year and is not subject to a "use it or lose it" policy, unlike some other types of health accounts. This makes HSAs a favorable option for veterans seeking to cover their healthcare costs while taking advantage of tax benefits.