HSA

Download the HSA brochure

A Health Savings Account (HSA) is a tax-favored account used in conjunction with an HSA-qualified high deductible health plan.  An HSA is a unique tax-advantaged account that employees can use to pay for current or future healthcare expenses.  With an HSA, employees have:

  • a tax-advantaged savings account that employees can use to pay for eligible medical expenses as well as deductibles, co-insurance, prescriptions, vision and dental care.
  • unused funds that will roll over year to year.  There’s no “use or lose it” penalty.
  • potential to build more savings through investing.  You can choose from a variety of HSA self-directed investment options.
  • additional retirement savings.  After age 65, funds can be withdrawn for any purpose without penalty.