Partner Colorado Blog

How Does a Health Savings Account Work?

child trying on glasses at eye doctor

A Health Savings Account (HSA) is a smart savings option to keep your family and your finances healthy. It’s designed for people with an HDHP (High Deductible Health Plan) and can be used to pay for prescriptions, co-pays and other qualified medical expenses. An HSA is funded with pre-tax dollars which also helps reduce your tax liability.

What’s the Difference Between a Savings Account and a Certificate of Deposit?

woman holding piggy bank

Saving money is an important factor in reaching your financial goals. But what’s better—saving your money in a savings account or a certificate of deposit (CD)? While both have benefits, it usually comes down to how long you’re able to leave money in your account. Learn more about the differences between a savings account and a CD to find out what’s best for you.