HSA facts

It's your money

Tax advantages

HSA contributions are tax-deductible, grow tax-free, and are never taxed if used for qualified medical expenses

Likewise, if you retire or leave your job for any reason, the funds in your HSA remain in your name. You can continue to use your funds for co-pays or other qualified medical expenses.

It's your money

It's your money

Unlike flexible spending accounts, the money in your HSA rolls over year to year. Unused funds continue to accrue interest and can even be invested to increase earnings.

Likewise, if you retire or leave your job for any reason, the funds in your HSA remain in your name. You can continue to use your funds for co-pays or other qualified medical expenses.

Health insurance

Health insurance

Before you open an HSA, the law requires you to enroll in an HSA-qualified health plan. For 2015, eligible plans have a minimum annual deductible of $1,300 for an individual or $2,600 for families and an out-of-pocket maximum of $6,450 for individuals and $12,900 for families.

Win win

Win/win for employers and employees

By offering an HSA program, employers can empower their employees to take control of the way they consume health care services. Improved utilization can help lower monthly premiums and provide significant payroll tax savings.