Health Savings Account (HSA)

A Tax-Free* Way To Save And Pay

You can use your health savings account (HSA) to pay certain current – and future – qualified health care expenses with money deducted from your paycheck before taxes are withheld.

The HSA’s Advantages

There Are “Triple Tax” Savings:

• Money that goes into the account is not part of your taxable income under federal law, meaning you pay less taxes overall.
• Your balance can grow with tax-free* interest or investment earnings while it’s in your account. (Note: Investing involves risk – the value of your investments may fluctuate over time, and you may gain or lose money).
• You never have to pay federal taxes on the money you use from your account, as long as it is used to pay for qualified health care expenses.
• Find out more about IRS regulations, maximums and eligible expenses at  www.irs.gov.

It Never Expires
You won’t lose it if you don’t use it by the end of the year. The money is yours to keep – even if you go to a new employer, retire or transfer it to another HSA. This means you can build the account over time so you can use it down the line, including during retirement. You won’t lose it if you don’t use it by the end of the year.

You Can Invest Your Funds
You can invest some or all of your HSA money for potential tax- free growth. There is no minimum account balance required to begin investing although some investment options may have a minimum investment amount.

*All references to “tax-free” refer to federal income tax. State and local tax laws may vary.