Always Yours 

Set up an HSA to build lifetime healthcare security for you and your family. 

Health Savings Account (HSA): Built to Work With Your Health Plan

  • Setting up an HSA is the perfect way to set aside tax-free savings for healthcare expenses (e.g., doctor visit copays, prescriptions, eyeglasses) that come with a High Deductible Health Plan (HDHP). These savings are yours forever; the wealth you build year to year can be brought to a new job or even into retirement.

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Your premium savings go into your HSA! 

Tax-Free In 

The most powerful way to save for future healthcare expenses and reduce the taxes you pay is to set up and contribute to a Health Savings Account (HSA). The sooner you start, the longer your contributions have to grow tax-free. It’s the easiest way to pay for health care right through retirement. 

  • Every dollar you put in lowers the taxes you pay, including Social Security and Medicare taxes, if payroll deduction is used. 

  • All your gains from investing and interest are also tax-free. 

Tax-Free Out 

Once you set up and begin funding your HSA, you won’t pay taxes on money you use for eligible health care expenses, including any interest and investment gains earned. And your HSA, and the money you put into it, is yours forever, even if you change jobs or retire. 

Here are some spending tips: 

  • Use your annual deductible as a baseline for savings. 

  • Use your HSA money to pay for any healthcare expenses you’re unable to pay out-of-pocket. 

There’s no time restriction on reimbursing yourself for healthcare expenses, so save all of your supporting documents (e.g., itemized receipts, Explanation of Benefits) for medical expenses you pay for out-of-pocket. You can use them to access tax-free funds for any expense when you need it, including in retirement.