Original sentence: A person must be covered by a High Deductible Health Plan (HDHP) to be eligible for an HSA.It allows money to be put in before tax is paid on it and then to withdraw the money tax free for qualified medical expenses.The health savings account (HSA) is a tax advantaged savings plan (a financial account with various restrictions) in the United States to cover current and future medical expenses.The health savings account is the new name for the medical savings account (MSA) plans that were previously offered.The premium for a HDHP generally is less than the premium for traditional health care coverage, so the money saved on insurance premiums can therefore be put into the Health Savings Account.Thus the premium the participant pays for health insurance is effectively lower by the amount of the tax savings
Edited sentence: A person must be covered by a High Deductible Health Plan (HDHP) to be able to take advantage of HSAs.An HDHP generally costs less than traditional health care coverage, so the money saved on insurance can therefore be put into the Health Savings Account.It allows money to be put into a tax deferred plan before tax is paid on it and be withdrawn tax free for qualified medical expenses.The health savings account (HSA) is the new name for the medical savings account (MSA) plans in the United States.The health savings account is a tax advantaged savings plan to cover current and future medical expenses