- A Health Savings Account (HSA) allows individuals to save money pre-tax to pay for qualified medical expenses, and withdrawals remain tax-free. - To be eligible, one must have a high-deductible health plan (HDHP) and not have other health coverage. Maximum annual contributions increased to $3,050 individual/$6,150 family. - Employers can now transfer funds from Flexible Spending Accounts (FSAs) or Health Reimbursement Arrangements (HRAs) to an HSA if an employee switches to an HSA-compatible plan, up to $3,050/$6,150.