Helpful Answers to the Frequently Asked Questions We Receive

A HSA is a savings account that you can use to pay for qualified medical expenses. Some medical insurance companies offer HSA plans as part of the benefits within a high deductible insurance plan. A major advantage of contributing to an HSA is that the amount you contribute is considered a pre-tax amount (annual limits apply) and thus you reduce your annual income taxes by contributing to your HSA. You don’t have to spend the funds in your HSA in a specific year - unspent funds are allowed to rollover to the next year and you can spend them in the next year. HSA funds also remain available to you even if your medical insurance company or your employment changes.