Health Savings Accounts (HSA)

A Health Savings Account (HSA) is a tax-advantaged medical savings account that you use to pay for qualified medical, pharmacy, dental and vision expenses and save on taxes.. HSAs work in conjunction with an HSA-eligible health plan that meets IRS guidelines. With recent federal legislation changes, additional Individual and Family Qualified Health Plans (QHP) are eligible for HSA contributions starting January 1, 2026. Use our plan comparison tool to find which health plans are now paired with an HSA. You can also use our plans and premiums chart.

Advantages of an HSA:

• Enjoy tax-deductible contributions, tax-free earnings, and tax-free distribution for qualified expenses
• The money in your HSA rolls over each year and is yours to keep, even if you retire or change health plans.
• You can use your HSA dollars for eligible health-related expenses.
• Your HSA can help you even out your medical expense over time. Since you manage your funds, you can save HSA money when you’re healthy, so it’s ready when you need it.
• Money that goes into your HSA brings down your taxable income and helps you save on medical expenses.