Health Savings Account (HSA)
An HSA is paired with a High Deductible Health Plan (HDHP).
Save pre-tax money for health care expenses – or retirement!
Plandetails
Contributions
HSA funds
You may contribute tax-free funds to save for current and future health expenses - and retirement!
Using your money Spend your HSA balance on health care expenses (medical, prescription, dental, and vision) for you and your tax dependents, OR Let your balance grow for retirement. The money in your HSA is always yours and available for qualified health care expenses - even if you change jobs or health plans. Before retirement, any funds used for non-healthcare expenses are subject to tax penalties. Keep your receipts! Growing yourmoney +tax savings HSA dollars go in tax-free, grow tax-free, and come out tax-free when you use them for qualified health expenses. You may also be able to invest part of your balance once it meets a certain level.
If you cover yourself only
If you cover dependents
2025 IRS maximum contribution
$4,300
$8,550
55 or older? You can contribute an extra $1,000 per year in catch-up contributions.
Eligibility
In order to make – or receive – contributions to a Health Savings Account (HSA), you must: be enrolled in a qualified High Deductible Health Plan(HDHP) (Cigna HSA or Kaiser HSA), not be covered under any other non-HDHP health coverage, including a full health care FSA through your spouse, not be anyone else’s tax dependent, and not be eligible for or enrolled in Medicare A or B, Tricare, or VA benefits.
In retirement At age 65, you can withdraw the funds in your HSA for any use (not just health care!) without tax penalties.
The information shown in this presentation is an illustrative summary only. The underlying plan contract or document governs all aspects of the plan. Final rates are dependent on actual enrollment, insurance carrier or plan rules, plan selection, and eligibility criteria. Please refer to the plan document, contract, and other notices contained in this document, applications, and other corresponding communications for additional information.
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