Health Savings Account (HSA)

In combination with a qualified High Deductible Health Plan, the HSA gives employees a way to pay for qualified healthcare expenses and grow their savings for future health care needs.

Employees, employers, or both can contribute tax-free* money to an HSA.

HSA advantages

Opportunity to build savings

Unused money stays in the employee's account from year to year and earns tax-free interest. The HSA also allows employees investing opportunities.

Tax-free* contributions and earnings

Employees don't pay taxes on contributions or earnings, as long as the money is used for qualified healthcare expenses. Employers who contribute get tax benefits, as well.

Portability

Funds belong to the employees, so they can keep the funds if they change jobs or retire.

Convenience

The HumanaAccess^SM Visa^® Debit Card makes it easy to pay for qualified expenses. Members can swipe their card at health-related provider locations such as doctor's offices and pharmacies, or they can write the card number on a provider's bill and return it to the provider.

*All mention of taxes is made in reference to federal tax law. Review your state's tax laws to determine the treatment of HSA contributions and earnings.