Health Savings Accounts

A Health Savings Account (HSA) is an excellent way to save money tax-free, pay health plan deductibles and non-covered health expenses, while providing for future health-care costs as well.

Benefits of an HSA

Tax Deductible

Contributions you make are tax deductible, or if made through a payroll deduction, they are pretax. If your employer makes a contribution, there is also no tax to the employer.

Tax-free Interest

All interest earned is tax-free.

Tax-free Withdrawals

All withdrawals are tax-free if used to pay qualified medical expenses.

Portable

HSA accounts are portable—you keep them even if you change jobs or quit working.

How a Health Savings Account works

* Please consult your tax advisor for guidance on and usage of a Health Savings Account.

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