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Health Savings Account (HSA)
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Get easy access to your
Health Savings Account with
a MasterCard HSA debit card. |
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Designed for people with High Deductible Health Plans
(HDHPs), a Health Savings Account (HSA) earns competitive interest on every dollar to help people save for medical and retiree health expenses tax free. Pre-tax deposits are carried over year-to-year, and withdrawn funds are tax free for qualified medical expenses.
Who Qualifies for an HSA?
> You're eligible for an HSA if you have an HDHP that has
a minimum annual deductible of at least $1,100 for individuals
or $2,200 for a family.
> You must not have any other health coverage, be enrolled in
Medicare or be claimed as a dependent on someone else's
tax return in the year of the contribution.
Qualified Medical Expenses
> Prescription medications
> Over-the-counter medicine
> Doctor visits
> Hospital care
> Dental and orthodontic fees
> Eyeglasses, contacts and exam fees
> Lab fees
> Chiropractor visits
> Acupuncture and more
For more information, contact Member Services
at (636) 720-2400 or (800) 500-6860.
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