A Health Savings Account, or HSA, is a tax-advantaged savings account designed to help individuals save for medical expenses. To qualify for an HSA, you must be enrolled in a high-deductible health plan (HDHP). Contributions to the account can be made by individuals or their employers, and the funds can be used for qualified medical expenses without incurring taxes. One of the key benefits of an HSA is that the money in the account rolls over from year to year, allowing for long-term savings. Additionally, contributions are tax-deductible, and withdrawals for eligible medical expenses are tax-free, making it a valuable tool for managing healthcare costs.