Health Savings Accounts (HSAs) are a new tax-preferred option for financing health care. Functioning similar to Medical Savings Accounts (MSAs) but without many of the barriers which limited their use and effectiveness, HSAs will give consumers more control over their health care dollars, encouraging them to be value-conscious shoppers in the health care marketplace.

With several very similar consumer-directed options now available, consumers, employers and even lawmakers are confused about which approach is best. CAHI has prepared this analysis in an effort to shed some light on the pros and cons about each.

Click here to read HSAs, HRAs or FSAs: Which Consumer-Driven Health Care Option Should You Choose?

Originally published in July 2003 as Issues & Answers no. 117 - Health Savings Accounts and Health Savings Security Accounts:

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