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Health Savings Accounts

You Can Be in Control of Your Health Spending

A Health Savings Account1 (HSA) can help you plan ahead for a variety of medical-related expenses. You're in control: You decide how to spend your money on your and your family's health care needs.

View Current HSA Rates

An HSA is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in an HSA-qualified high deductible health plan (HDHP) (with limited exceptions) and is intended to offer a more affordable approach to health care. Confirm with your health insurance company that you have an HSA-qualified HDHP.

High Deductible Health Plan (HDHP)

A health insurance plan with a minimum deductible of $1,300 (self) or $2,600 (family) for both 2016 and 2017. In addition, the annual out-of-pocket costs, including deductibles and co-pays, cannot exceed $6,550 (self) or $13,100 (family) for both 2016 and 2017. These amounts are adjusted annually to allow for cost-of-living adjustments.

A health savings account (HSA) must be paired with a qualified high deductible health plan (HDHP).

  • Premiums for high deductible health plans are generally lower than for typical health care plans.
  • Lower insurance premiums, combined with the use of tax-free money, can lead to significant savings.
  • No "use it or lose it" rules; contributions and earnings remain in your account from year to year.
  • Account ownership. The account belongs to you – not a company or employer.

See More Features and Benefits


1 All tax references are at the federal level. State taxes may vary. The information above is not intended and should not be construed as legal, tax or investment advice. For such advice, including advice on how this information applies to your individual circumstances, please contact your attorney, tax advisor or other appropriate professional.