Health Savings Accounts
Constant changes in health insurance plans and their costs can be overwhelming. A Health Savings Account (HSA) may be just what you need to manage your health-related expenses. An HSA is a tax-exempt savings account established exclusively for the purpose of paying or reimbursing qualified medical expenses for you, your spouse and your dependents.
Funds in the HSA can help pay for your current plan's deductible or qualified medical expenses not covered by your insurance policy, including but not limited to:
- Monthly insurance premiums
- Routine healthcare expenses
- Prescription drugs
- Dental/orthodontic care
- Emergency room visits
Qualified medical expenses are paid via check or debit card which come with the account.
For more information about Health Savings Accounts, please visit the U.S Treasury HSA website.