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HSA Contribution

Meaning

An HSA Contribution refers to the monetary funds deposited into a Health Savings Account (HSA), a tax-advantaged medical savings vehicle available to individuals enrolled in a High Deductible Health Plan (HDHP). These contributions are specifically designed to cover qualified medical expenses, including those related to hormonal health diagnostics, consultations, and certain therapies. This financial mechanism empowers individuals to manage their healthcare costs with tax benefits.