- Triple Tax Advantage: Contributions to your HSA offer a significant tax benefit. Not only are your contributions tax-free, but withdrawals for qualifying medical expenses and investments earnings are also untaxed. Visit Optum bank for more information on contribution limits.
- Comprehensive Coverage: Your HSA can be used for a wide range of expenses beyond just medical and prescription costs. Other expenses include dental and vision care, allergy medications, and x-rays. View IRS Publication 969 for more details regarding covered expenses.
- Company Contributions: Qualifying employees will receive an annual contribution to their HSA from the company, helping you build your savings faster.
- Long-Term Growth: Unlike a Flexible Spending Account (FSA), your HAS balance rolls over from year to year. It’s not a “use it or lose it” account, so your savings continue to grow over time, and it says with your even if or when you leave the company.
- Investment Opportunities: Starting in 2025, once your HSA balance reaches a certain threshold, you can choose to invest a portion of your HSA dollars, potentially increasing your savings even further.
- No Income Limits: HSAs have no income limits for contributions, so you can maximize your savings regardless of your earnings.
Site
Bagdad
Chino
Climax
El Paso
Ft. Madison
Henderson
Miami
Morenci
New Orleans
Phoenix
Sierrita
Safford
Tyrone
Start Date
Language
English