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Is a HSA considered a Catastrophe Savings Account
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June 5, 2019
2:56 PM
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Deductions & credits
No they are not the same thing. A catastrophe savings account is one established for natural disasters. An HSA fund is used to pay for medical expenses and you must have a HDHP insurance plan in place. See below.
https://ttlc.intuit.com/questions/3015250-catastrophic-savings-account
https://ttlc.intuit.com/questions/1899728-what-is-a-health-savings-account-hsa
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June 5, 2019
2:56 PM