0. You can deduct your HSA deductions from your gross income on your federal tax return, even if you do not itemize deductions. Many states also allow this deduction from state income taxes.

You own your account, so even if you change jobs, your HSA funds go with you.

Your insurance premiums can be substantially lower when you change from a low-deductible plan to a high-deductible plan.

Because your funds can roll over from year to year, you can let the funds in your account grow tax- deferred. That’s why HSAs have been referred to as the “Medical IRA”.

After age 65, you may make withdrawals from your HSA for any reason without the 20% penalty imposed before age 65 for non- medical withdrawals. (Note: You’ll still have to pay taxes on the money.

There is no “use it or lose it” provision, so you can build up the savings in your HSA to use for major health events.

You can also use your HSA funds for programs not usually covered by other health plans, including dental, optical, COBRA premiums and much more.

Take control of your routine healthcare decisions - you get to choose the healthcare and providers that you want.

No. You must be enrolled in a High-Deductible Health Plan. A High-Deductible Health Plan is defined as having a deductible of at least $1,650 for Employee Only health coverage or at least $3,300 for Family coverage.

A: IRS annual limits for 2025 are $4,300 for Employee Only coverage, or $8,550 for Family coverage. If aged 55 or older, you can also make “catch-up” contributions of up to $1,000 per year above those limits.

A: You can make either pre-tax contributions, post-tax contributions, or a combination, if the combined total does not exceed IRS annual limits. Pre-tax contributions are made through payroll deduction. Post-tax contributions are made by depositing directly into your HSA account. Post-tax contributions for a given year can be made up until the due date of your tax return for that year; for most people, 2025 post-tax contributions can continue to be made through April 15, 2026.

A: The only spending limit is your HSA account balance. You can only withdraw up to the amount in your account at that point in time. Any unused funds roll over from year to year. You do not lose any funds if they are not used by the end of the year.

A: You can use HSA funds for any expense accepted by the IRS as a legitimate medical expense, such as doctorvisits,therapy,hospitalization,prescriptions, vision care, dental, etc. To be eligible, the expense must be incurred on or after the date the HSA account was opened. HSA funds can also be used for health insurance premiums such as COBRA and TEFRA.

A: If you have Employee Only coverage, and your spouse or dependents have separate health coverage that’s not a high- deductible plan, you can still use your HSA funds to pay their medical expenses as long as you file a Federal tax return that includes that person as a joint filer or dependent.

A: You will receive a Mastercard® debit card that is linked to your HSA account. This is a limited-purpose Mastercard® which is coded for medical providers only. Swipe the card just as you would any credit card. Although you have the option of setting a PIN, no PIN is required.

The card lets you cover expenses without having to pay out of pocket first and then wait for reimbursement. If your medical provider does not accept credit cards or for whatever reason you did not use your Mastercard® debit card to pay the expense, then you can submit a claim for reimbursement.

A: Yes. We offer our patented ClaimsVault® – an “electronic shoebox”– to store receipts if you don’t want to have to keep up with them yourself.

A: If any part of Medicare is elected, you cannot contribute any more money after your Medicare effective date. However, you can continue using any funds previously contributed.