Health Savings Account (HSA)

A Health Savings Account (HSA)is a personal account, owned by you, the lets you set aside money on a pre-tax basis to pay for qualified medical expended. You must meet a certain eligibility criteria to contribute to an HSA.

HSA Brochure

• Contributions can be deducted on your federal income tax return.
• Earnings grow tax-deferred.
• Carry over your HSA balance year to year! Contributions remain in your account until you use them.
• Withdrawals for qualified medical expenses can be made anytime, tax free!
• You can keep your HSA, even inf you change health plans or employers.

• You are covered under an HSA-compatible high deductible health plan (HDHP)
• you are not covered by a non-HDHP (with limited exceptions).
• You are not enrolled in Medicare.
• You cannot be eligible to be claimed as a dependant on another person's tax return.