A Health Spending Account (HSA) enables you, to take out money from your corporation, tax free; to pay for your out of pocket medical expenses! Having an HSA is a cost-effective alternative to traditional health insurance. In simple terms, health and dental benefits offered through this plan are 100% tax deductible to the employer and received 100% tax free by the employee. There are no premiums, hidden fees, deductibles, copay, or complex policies.