Make the Most of Your Money with a Health Savings Account

It’s a scenario we’ve all probably experienced: A routine checkup ends up turning into blood work, prescriptions, and follow-up appointments. Then medical bills start showing up and your portion is higher than you expected.

The good news is there’s a way to prepare for those increases, while also saving money. A Health Savings Account, or HSA, lets you set money aside before taxes for eligible medical expenses when you have a qualified High Deductible Health Plan. Not only will you have funds available for unexpected medical bills, you'll keep more of your money because those funds aren't taxed.

 

Here's how it works:

Select an amount to contribute to your HSA

Earn interest on your contributions and lower your taxable income

Use the funds on your family's annual medical expenses

Save and grow the funds for future medical needs

Talk to your account manager to see if a Health Savings Account is the right choice for you and your family.

Features

Pre-Tax Contributions

Funds may be taken from your paycheck before tax, lowering your taxable income which may lead to you taking home more of your money.

Room for Growth

Your HSA can earn interest which can be invested and, like your earnings, grows tax free.

Build Your Savings

Because HSAs don't have "use or lose" rules like Flexible Spending Accounts, your contributions carry over yearly, building your savings account.

An Account You Own

Your HSA is exactly that: yours! If you leave your current employer, you can take it with you wherever you go.

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