3 steps for plan selection
Compare health plans
Enter information about your health plan options and anticipated healthcare usage into the Health Plan Comparison Calculator to see the most cost-effective option for your healthcare needs.
Explore HSA advantages
An HSA allows you to pay for IRS-qualified healthcare expenses, all tax-free. And HSA-eligible health plans typically have lower monthly premiums. See more benefits.
Set HSA contributions
Use the HSA Contribution Calculator to see how much you’re eligible to contribute and plan HSA contributions per paycheck. Set your contributions when you elect an HSA.
How an HSA works
You contribute to your HSA through payroll deduction, online banking transfer or personal check. Then you can use your HSA funds to pay for any IRS-qualified medical expenses, like doctor visits, hospital fees, prescriptions, dental exams, vision appointments, over-the-counter medications and more. Your HSA funds are yours for life — so you can cover today’s expenses while planning for your future. And you can potentially grow your healthcare savings and prepare for retirement with self-directed investment options.
Register for an HSA webinar to learn more.
HSA eligibility
If you enroll in a qualified high-deductible health plan (HDHP) through your employer, chances are that you can open an HSA. You must be covered by the qualified HDHP on the first day of the month prior to enrolling, and you must have a valid email address, Social Security number and a primary residence in the U.S. Certain factors may exclude you from opening an HSA, like if you’re claimed as a dependent on another person’s tax return, or if you’re covered by Tri-Care or any other non-HSA compatible health plan, including Medicare Parts A and B.
Ready to own your health and wealth?
Enroll in an HSA-eligible health plan and HSA with your employer during open enrollment.
| 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.
*HSA Bank 2022 Open Enrollment Research. Feb. 2023.