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:
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.
HSA Protector™ Insurance Helps Your Savings Grow
HSA dollars may be used to pay for deductibles, copays, and more. These health insurance products below offer cash benefits, paid directly to you, for common medical expenses. These benefits can help protect your HSA money so it can keep growing.
