HSAs empower savings now
and for the future

A Health Savings Account (HSA) is a tax-exempt account established for High Deductible Health Plan (HDHP) holders exclusively for the purpose of paying qualified medical expenses (IRS Publication 969).

Anyone who has a High Deductible Health Plan (HDHP) is eligible for an HSA, regardless of his or her age or income bracket. The individual:
  • Must be covered by a high deductible health insurance plan
  • Have no other first dollar medical coverage
  • Cannot be claimed as a dependent on another person’s tax return
  • Cannot be enrolled in Medicare*
        *For more information, contact your health insurance provider and/or benefits administrator.

Health Savings Accounts (HSAs) can be complicated.  We recommend you speak with your Health Insurance Professional and Tax Advisor for specific HSA information or to find out if you qualify. Here is some basic information to help you learn about HSAs before you apply.

Health Savings Q & A