HealthEquity - HSA
Video:
Health Savings Account Overview
If you enroll in either the $3,200 or $5,000 High Deductible Health Plan (HDHP), you will be able to take advantage of a special tax-savings feature called a Health Savings Account (HSA). The HSA is a bank account used to help pay the cost of eligible out-of-pocket health care expenses. You will make contributions to your account through pre-tax payroll deductions, reducing your taxable income. Contributions, investment earnings, and distributions for qualified healthcare expenses are exempt from federal income tax, FICA (Social Security and Medicare) tax, and state investments (in most states).