HSA

Health Savings Account

A Health Savings Account (HSA) is a tax-favored personal savings account that pairs with the HDHP (High Deductible Health Plan) Medical plan.  An HSA always belongs to you and the funds roll over from year to year .  Furthermore, funds are contributed pre-tax and are used tax-free when spent on IRS-approved Medical, Dental, and Vision expenses.

You can set up an account with First American Bank, or with a financial institution or bank of your choosing. Once the account is established, you will need to provide your account information to HR in order to set-up payroll deductions.