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.
Annual asset-based fees may apply and are deducted from the investment balance on a quarterly basis. Accountholders can view exact fees in their online account.
DriveWealth, LLC, a registered broker-dealer and Member FINRA/SIPC, is the clearing broker and custodian of your assets in the HSA Invest program. Investment advisory services are offered through Precision Fiduciary Partners, LLC, an SEC-registered investment advisor. Registration does not imply a certain level of skill or training. Additional information about Precision Fiduciary Partners can be found in its Form ADV Part 2, Form CRS and Privacy and Cookies Policy, which are available to the accountholder in their online account.
HSA Bank is not registered as a broker-dealer or investment advisor. Neither HSA Bank nor DriveWealth provide investment advice to HSA Invest program investors. HSA Bank, DriveWealth and Precision Fiduciary Partners are not affiliated, not responsible for the products and services offered or provided by the other and do not provide legal or tax advice.
The Mesirow and Precision Fiduciary Partners, LLC names and logos are registered service marks of Mesirow Financial Holdings, Inc. Mesirow refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates.
*HSA Bank 2022 Open Enrollment Research. Feb. 2023.