An HSA puts you in control.
Money that would otherwise be lost to high premiums could instead be invested in an HSA to save for the future or used on IRS-qualified healthcare expenses, including deductibles, co-insurance, prescriptions, vision, dental care and more. You have more control over how your funds are used, but there are other advantages, too!
Enjoy tax benefits
The tax advantages are threefold with tax-free* contributions (for employer-sponsored plans), tax-deferred growth as well as tax-free spending (on qualified expenses).
Watch it grow
HSA funds never expire and grow year after year. And, your funds can be used as a long-term financial tool when you take advantage of investment opportunities.**
Keep it for life
Your HSA is yours to keep, even if you change jobs or retire. Your funds and investments continue to grow as long as your account stays open.
Is an HSA right for me?
If you have an HSA-qualified health plan, such as a high deductible health plan (HDHP) through your employer or your spouse, or one you've purchased on your own through a healthcare marketplace, like a Bronze or Catastrophic plan, then you can open an HSA.
If your employer offers an HDHP, use our Plan Comparison Calculator to help you determine if an HSA is right for you and your budget. Simply enter some basic information about your health plan, and we'll provide you with the cost estimate of each plan.
HSAs to Z
Everything you need to know
HSAs are a powerful savings tool for current and future healthcare expenses — as well as one of the strongest ways to save for retirement. Yet studies show that many accountholders just aren’t using them.
So, let’s answer the common questions we get about HSAs. Because we’re convinced once you understand how HSAs can help you manage your physical and financial health, you’ll love them just as much as we do!
How to open an HSA
If you're eligible, it's easy to open an HSA. It takes less than 10 minutes to complete the online sign up. You must have a valid email address to open an account.
More than HSAs
There’s more than one way to become a savvy spender. From daycare to college and eye exams to subway tokens, there’s an account designed to fit your needs. Explore our account options to learn more about each of their advantages and requirements.
Additional resources
Frequently Asked Questions
Get answers to the most-asked questions about HSAs, FSAs, HRAs and more.
Read FAQs
HSA investment options
Invest HSA funds to help grow your account to save for future healthcare expenses or retirement.
Learn more
HSA Tax Time 101
HSA Tax Time 101 is a resource that provides answers to some of the most frequently asked Health Savings Account (HSA) tax questions.
Learn more
*HSA contributions and earnings aren’t subject to federal taxes and aren’t subject to state taxes in most states. Contact a tax professional for information about your state.
**SECURITIES AND INVESTMENTS
| Not Insured by FDIC or Any Other Government Agency | Not Bank Guaranteed | Not Bank Deposits or Obligations | May Lose Value |
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Past performance is not indicative of future results.
The HSA Invest program is administered by DriveWealth, LLC, a registered broker-dealer and member FINRA/SIPC. Securities products and services are offered through LeafHouse Financial Advisors, LLC, an SEC-registered investment advisor. Registration does not imply a certain level of skill or training. Additional information about LeafHouse Financial Advisors, LLC, including investment strategies, fees and objectives, can be found in its Form ADV Part 2 and Form CRS, which are available in your online account.
HSA Bank is not registered as a broker-dealer or investment advisor. Neither HSA Bank nor DriveWealth, LLC provide investment advice to HSA Invest program investors. HSA Bank, DriveWealth, LLC and LeafHouse Financial Advisors, LLC are not affiliated and not responsible for the products and services offered or provided by the other.
