Health Savings Accounts
Health Savings Accounts (HSA) combine pre-tax dollars allocated from your paycheck with a qualified High Deductible Health Plan (HDHP) to save you money on eligible medical expenses. HSAs offer great flexibility as well as tax-free contributions and distributions for eligible expenses.
Additional benefits include:
Balance not used for eligible expenses remains in your account from year to year, accumulating interest in a money market account.
Start or stop your account or change the contribution amount at any time during the year.
You choose when and how to reimburse yourself from the account.
HSA Investment Options:
Once your HSA balance exceeds $2500, you can choose to invest additional funds. Whether you want a plan with greater security or higher returns, your American Fidelity Representative can help you select the option that best suits your needs and risk tolerance.
Interested in an HSA?
Talk your employer about the benefits of partnering with American Fidelity.