In geographical terms the Caribbean area includes the Caribbean Sea and all of the islands located to the southeast of the Gulf of Mexico, east of Central America and Mexico, and to the north of South America.
An HSA is a special, tax-advantaged savings account you can use to pay for qualified medical expenses. You deposit money in your HSA, where it earns interest tax-free. Funds are not taxed when withdrawn for qualified medical expenses.
Generally, your HSA is linked to a debit card that you can use on out-of-pocket costs, including that high deductible. Because the money in your HSA isnât taxed like the rest of your income, it serves a dual purpose: helping you set aside money to cover health care costs and reducing your tax burden.