A Health Savings Account is a unique way to lower your out-of-pocket health care costs. It’s a type of savings account that can only be used in conjunction with a qualified high-deductible health plan (HDHP). Consumers are allowed to contribute a maximum amount each year, and the funds that are not spent can be invested tax-free. Additionally, withdrawals are tax-free for qualified medical expenses, including deductibles, copays and coinsurance. HSAs are also portable, meaning they can be carried over from job to job or retained after retirement.