Medicare Glossary

Health Savings Account (HSA)

A tax-advantaged savings account paired with a high-deductible health plan, used to pay for qualified medical expenses. Once you enroll in any part of Medicare, you can no longer contribute new funds to an HSA, though you can still use existing funds.

Also known as: HSA

Rollover

The ability to carry unused Health Savings Account (HSA) or Health Reimbursement Account (HRA) funds from one year to the next. Note: Once you enroll in any part of Medicare, you can no longer contribute to an HSA.