Health Savings Account

You may open and contribute to an HSA only if you are enrolled in a qualified High Deductible Health Plan (HDHP), also known as an HSA medical plan, and meet other qualifications.

The Health Savings Account (HSA) is an individually owned account that allows you to set aside money on a pre-tax basis, lowering your taxable income. You can use the funds in your HSA to pay for qualified medical, dental and vision expenses such as:
• Doctor’s office visits
• Dental services
• Eye exams, eyeglasses, laser surgery, and contact lenses
• Orthodontia, dental cleanings, and fillings
• Prescription drugs and some over-the-counter medications (with a physician’s prescription)
• Physical therapy, speech therapy, and chiropractic expenses

You can use the funds in an HSA at any time to pay for qualified medical expenses or you can save the money for future expenses. You own the account and the money within is yours to use, save or grow. The money rolls over from year to year, ensuring you never lose or forfeit the balance.