What are health savings accounts?

When someone speaks about health savings accounts, questions always arise in our minds about what is meant by health savings accounts. How do they work? Why is it so special? Health savings accounts have two parts in it. The first part deals with the insurance and the second part represents your health savings account. The insurance part is a high deductible health plan and it means it is a catastrophic plan. It doesn’t have copays for doctor visits and drugs. So you can save money on your premium every month and taxes. So the health savings accounts are the best way to insure your health. It is least expensive, risk free and gets more stable premiums.