A simple way to save up for your well-being HSAs becoming an important part of financial safety net June 19, 2019 – Decorah & Cresco – If you find that you are digging deeper into your pockets to cover health expenses, you’re with the greater part of Americans. The majority of health expenses are now being paid from personal bank accounts, no longer through health insurance reimbursement. Many people, including employers; are turning to Health Savings Accounts (HSA) as a savings tool, not just for the health care expenses of today but to provide some measure of financial tranquility in retirement. Anyone covered by a high-deductible health plan can set up an HSA. It’s not a “use it or lose it account”; it’s your savings account that you deposit money to help you pay for qualified medical, pharmacy, dental and vision expenses.