Health Savings Accounts (HSA)

A health savings account (HSA) is an account that allows you to put aside pre-tax dollars to pay for eligible healthcare related expenses. 

• • • Contributions, withdrawals (when used on eligible medical expenses) and earnings are considered federally tax-free.

    • Unused money rolls over year after year.

    • Account balance earns interest and can be invested.

    • Used as a long-term savings vehicle for future healthcare and general expenses after age 65.

    • The account is yours if you change plans, change jobs, or retire.

    • Available funds can be used to pay deductibles, co-pay/co-insurance, prescription drugs, over-the-counter products, and more.