Understanding Health Savings Accounts (HSAs)

Health Savings Accounts Maximize your savings How an HSA works: • Contribute to your HSA by payroll deduction, online transfer or personal check. • Pay for qualified healthcare expenses for yourself, your spouse and your dependents. Both current and past expenses are covered if they’re from after you opened your HSA. • Use your Benefits Card to pay directly, or pay out of pocket for reimbursement or to grow your HSA funds. • Roll over any unused funds year to year. It’s your money — for life. • Invest your HSA funds and potentially grow your savings.¹ A Health Savings Account, or HSA, is a tax-advantaged savings account you can use for healthcare expenses. Along with saving you money on taxes, HSAs can help you grow your nest egg for retirement.