A Health Savings Account (HSA) is a tax-free way to save and pay for medical expenses – especially if you carry a high-deductible health insurance plan – by placing pre-tax funds into your HSA. Many members elect to auto-deposit a certain percentage of their pay into their HSA year-round.


  • When applied to qualified medical expenses, all withdrawals are tax free
  • Contributions are 100 percent deductible
  • Provides the option to choose a lower cost health care plan
  • Your earned interest is tax-deferred
  • You own your account, and your unused balance can be carried from year to year, earning interest.


  • Must be enrolled in a high-deductible health insurance plan
  • Must be 18 years old or older and not listed as a tax dependent
  • Cannot be covered by another health insurance plan, including Medicare

There are limits to how much you can contribute. You should consult your tax advisor with any questions about the tax benefits and tax liabilities associated with an HSA.

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