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Download Edge Download ChromeTake control of your healthcare savings
Three tax perks that maximize savings.
Health Savings Accounts (HSAs) are individually owned accounts that help you save on healthcare expenses you have now and those you’re likely to have in retirement. The key benefit is tax savings. HSAs are the only accounts you can put money into, gain interest on, and use to pay for IRS-qualified healthcare expenses, all tax-free. This means a lower tax bill for you, too.
Benefit from your HSA — for life
Contributions, distributions and earnings are tax-free when used for IRS-qualified medical expenses for yourself, your spouse and your dependents.
There’s no monthly fee for administering your account.
Funds can be invested for the possibility of greater savings.
Whether you change jobs, switch health plans, or retire, your HSA funds always belong to you. And they roll over every year.
After age 65, HSA funds can be used for any purpose without penalty (only income tax is assessed).
If you have a qualified high-deductible health plan (HDHP) through your employer, your spouse, or one you purchased on your own, chances are, you can open an HSA.
You can use your HSA funds to pay for any IRS-qualified medical expenses, like doctor visits, hospital fees, prescriptions, dental exams, vision appointments, over-the-counter medications and more.
Contribute to your HSA by payroll deduction, online banking, transfer or personal check. Then pay for qualified expenses using your debit card, or pay out-of-pocket and reimburse yourself in the future. You can manage your account online or in the app.
If you’re eligible for an HSA, it’s easy to apply. There are no setup fees, and the application takes less than 10 minutes to complete.
Investment accounts are not FDIC insured, and they are not bank guaranteed. Investment accounts are not a deposit account, or an obligation of HSA Bank, and they may lose value. They are not guaranteed by any federal government agency.
HSA Bank is a division of Webster Bank, N.A. Plan Administrative Services and Benefit Services are administered by Webster Servicing LLC.
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