What is an HSA? Health Savings Account - an account where you save money for your healthcare expenses. It is owned by a single person and maintained by an IRS-approved trust company or custodian. A long life of health and financial security is an important goal for all Americans, but that's often easier said than done. You likely know some steps that can improve your health and finances, like eating better, exercising more, and putting money into savings. But did you know that switching your health plan can also help you save for the future? Switching plans can also help you to develop a pattern of better living so you can live a healthier life. An alternative to a traditional healthcare plan is a Health Savings Account (HSA) matched with an eligible High-Deductible Health Plan (HDHP). This health plan is designed to give you more control over your health spending and help you save money for the future. S.J. Klumpenhower is a certified HSA specialist and healthcare advisor with Erisa Trust Company. She is a professional writer and graduated summa cum laude from the University of New Mexico.