What term refers to a type of health care reimbursement plan in which the participant may make pre-tax contributions through payroll deductions to pay for prescription copays, prescriptions, and prescription deductibles?

Health care saving plans were created under the Medicare Modernization Act of 2003, which allows individuals to set aside money from their paychecks to be used for medical purposes in a calendar year. This money is tax deductible, but there are limits to how much may be deducted, and if the money is not used during the calendar year, it is forfeited.