An arrangement that lets employees save pretax dollars from their paychecks to spend on deductibles, co-pays, and/or uninsured expenses. It is combined with a high-deductible health insurance plan. The employee retains the ownership of the account with can grow tax-deferred.
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Disclaimer: The information provided on this website is general in nature and does not apply to any specific U.S. state except where noted. Health insurance regulations differ in each state. See a licensed agent for detailed information on your state. PeopleKeep, Inc. does not sell health insurance.