A just released report shows only 8 percent of Americans have a Health Savings Account, but a vast majority of those people are confused about HSA eligibility, benefits and other specifics.  

For example, according to the report by Princeton Survey Research Associates International, only 14 percent of Americans know that an HSA has to be paired with a high-deductible health insurance plan.

What's more, 52 percent of Americans who have an HSA incorrectly think they can use HSAs to pay for over-the-counter medications, and almost the same amount mistakenly believe they can use HSAs to pay for health insurance premiums.  

You can pay prescription medications, doctor visits, dentist visits and eyeglasses.

Have questions about your HSA? Click here.