Health Savings Account (HSA)

What are Health Savings Accounts?

You may have been hearing about Health Savings Accounts (HSAs) in the news as a new way for individuals to pay for health care costs.  But what are Health Savings Accounts?

HSAs are individual accounts which allow you to use pre-tax dollars to pay for future medical expenses.  You will be able to deduct your contributions to your HSA, and the account earnings will accumulate on a tax-deferred basis.  Distributions from your HSA are tax-free if they are used for qualified medical expenses.  HSAs are designed specifically for individuals who have chosen a high-deductible health plan (HDHP). 
 
For more information, please call a Member Service Representative at 623-1851 (local) or 800-540-8707 (long distance)









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