Health Savings Accounts
Save for Future Health Care Needs — Tax Free!
A Health Savings Account (HSA) is for people enrolled in high-deductible health plans (a medical plan with a deductible of $1,500 or more). Contributions are made pre-tax and what your employees don't use in a given year will carry over from year to year. HSAs are highly portable — your employees can take their HSA with them if they change jobs. The maximum contribution in 2018 for an HSA is $3,450 for individuals and $6,900 for families. For 2019, these maximum contribution amounts will be $3,500 for individuals and $7,000 for families
. Catch-up contributions for those age 55 or older are $1,000.
Your employees can have an HSA even if you choose not to offer one. The only caveat is that your employees must be enrolled in a high-deductible health plan. Your employees don't pay taxes on the money going into an their HSA, funds grow on tax-deferred, and they can use the money tax-free to pay for qualified medical expenses.
“HSA Introduction.,” HealthEquity®, accessed 08/02/2018, https://youtu.be/31L8ghz4RZQs
FirstCare HSA Plans — Powered by HealthEquity®
We've partnered with HealthEquity® to provide your employees the chance to save money on their taxable medical savings — it's almost like offering a small raise. It's tax savings that make sense.
Since 2002, HealthEquity has helped employees manage their health care costs by providing convenient and easy-to-use tools and expert support for those enrolled in an HSA.
An HSA is a great way for your employees enrolled in high-deductible health plans to make pre-tax contributions that can be used for
qualified medical expenses such as: acupuncture, eyeglasses, hearing aids, chiropractic care, dental treatments, and more.
Employees that sign up for a HealthEquity HSA can learn more about getting the most out of their HSA with through insightful
webinars:
- Investing Your HSA Dollars
- Health Savings Account Basics
- Tips to Maximize Your Health Savings
- An Overview of the HealthEquity Member Portal
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HSA Tools & Resources
HealthEquity® hosts an online education site with a wide selection of videos, documents, and tools so that you can see if an HSA is a good fit for you and your employees. Log on today and take advantage of resources like their mobile app, HSA contribution calculator, HSA informational documents and more!
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Want more details on our HSA plans?
Contact your regional sales representative or your insurance agent today to learn more about enrolling.
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