December 8

National Health Savings Account Day

Save your money and stay healthy! Celebrate National Health Savings Account Day by investing in yourself and setting up an HSA today.

Yearly Date
December 8
Type
Day
Category
Health

Introduction

Get ready to celebrate National Health Savings Account (HSA) Day on Dec. 8! This day was created in 2017 to recognize the importance of HSAs as an effective and convenient way to save money for medical expenses. By setting aside pre-tax dollars into a tax-advantaged savings account, you can enjoy lower health insurance premiums while also saving money on taxes. So take some time this December 8th to learn more about HSA benefits and how they can help your finances!

National Health Savings Account Day Timeline

2003
HSA Legislation Signed
The Medicare Prescription Drug, Improvement, and Modernization Act which created the Health Savings Account (HSA) was signed into law by President George W. Bush.
2004
First HSAs Created
Health Savings Accounts become available to consumers in the United States for the first time.
2010
HSA Enrollment Rise
The number of Americans enrolled in HSA-eligible health plans reached 10 million, a significant growth from its initial years.
2015
HSA Expansion
New rules allowed HSA holders to use their account funds for over-the-counter medications, leading to increased utility of HSAs.
2017
Start of National HSA Day
The first National Health Savings Account Day was celebrated on December 8, aiming to spread awareness about the benefits of HSAs.

How to Celebrate National Health Savings Account Day

1

Start a Health Savings Account

Open up a Health Savings Account and set aside funds for future medical expenses, or use it to pay for current medical bills without paying income tax.

2

Educate yourself on HSAs

Take the time to learn more about how health savings accounts work, so that you can make informed decisions about your healthcare financial options.

3

Research HSA providers

Do some research on different health savings account providers, so that you can find one that best fits your needs.

4

Share your knowledge

Help spread the word about the potential cost benefits of health savings accounts by sharing your knowledge with friends, family, and colleagues.

5

Donate to an HSA charity

Make a donation to a charity or organization dedicated to helping those in need of health care services by contributing to their health savings accounts.

Why National Health Savings Account Day is Important

A

HSAs can help cover costs

Health Savings Accounts are an excellent way to save money on health care expenses. Contributions to a HSA are tax deductible, and can be used to pay for medical bills that aren't typically covered by insurance plans, such as certain prescription drugs or vision care.

B

HSAs are portable

Unlike other types of retirement accounts, HSAs are completely portable. That means the funds you contribute stay with you even when you change jobs or move. And if you don't use all the funds in your account, they roll over year after year until you need them!

C

HSAs help promote wellness

Because Health Savings Accounts allow you to set aside pre-tax dollars for medical expenses, they provide incentive to purchase preventive care and other forms of treatment that may otherwise seem costly. This helps people take better care of their health and makes long term overall savings more attainable.

National Health Savings Account Day Dates

Year
Date
Day
2023
Dec 7
Thursday
2024
Dec 7
Saturday
2025
Dec 7
Sunday
2026
Dec 7
Monday
2027
Dec 7
Tuesday