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Return To Healthcare FAQ Archive   Search the Archives What is a Health Savings Account and what are its benefits? Answered By Hank Thomssen, Editor A Health Savings Account is very much like a regular savings account in your bank. However, the money in this account is used to ensure healthcare in case you get hospitalized or are in need of medicine. The Health Savings Account offers great interest rates. However, the main benefit of a Health Savings Account is that it acts like a health insurance policy where you have something to depend on when you need money for hospitalization expenses. Also, it can cover members of your family. keywords: Healthcare | Health Care | HMO | Health Insurance | Medical | Health Savings Account

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