You may enjoy several benefits of health savings accounts.
You can claim a tax deduction for contributions you, or someone other than your employer, make to your HSA even if you do not itemize your deductions on Form 1040.
Contributions to your HSA made by your employer (including contributions made through a cafeteria plan) may be excluded from your gross income.
The contributions remain in your account from year to year until you use them.
The interest or other earnings on the assets in the account are tax-free.
Distributions may be tax free if you pay qualified medical expenses. See Qualified medical expenses, later.
HSA is “portable” so it stays with you if you change employers or leave the work force.