What’s an HSA?

An HSA is a personal savings account designed to help members set aside money for health care expenses like deductibles and coinsurance. It offers real tax advantages. Members can contribute pretax dollars through payroll deductions and then use those funds tax-free for qualified medical expenses.

Use it now, or save it for later.

Members can choose to use their HSA for current health care expenses or save it for the future — even into retirement. Once the threshold balance is reached, the HSA dollars can be invested.

It’s theirs to keep.

There is no “use it or lose it” rule.

The balance can grow from year to year. If they leave their employer, they can take their HSA with them.