HSA A Health Savings Account or HSA is a tax-advantaged medical savings account available to anyone enrolled in a High Deductible Health Plan (HDHP.) HSAs allow you to save money for current and future medical expenses. One of the advantages of an HSA is that funds roll over from year to year. You own the account. Even if your HSA-compatible coverage ends, you can still use your HSA funds tax-free for eligible medical expenses. Please see the chart below for the HSA contribution limits for 2025. Benefits of an HSA: Guidelines to Participate in an HSA: Save Money. HDHPs have lower monthly The HSA plan is only available to employees premiums, meaning less money is taken out of enrolled in the High Deductible Health Plan your paycheck to pay for health insurance Portability. The money in your HSA is carried over from year to year and is yours to keep, even if you leave the company. Tax-Savings. HSA contributions are made with You cannot be covered by any other non-HSA- pre-tax dollars. Since your taxable income is compatible health plan, including Medicare Parts A decreased by your contributions, you’ll pay less and B, a traditional PPO plan or TriCare, or be in taxes. claimed as a dependent on another person’s tax Additional Retirement Savings. After age 65, return. funds can be withdrawn for any purpose without penalty (only income tax is assessed). Investment Opportunities. Once you have a You cannot have accessed your VA medical balance of $1,000 in your HSA account, you can benefits in the past 90 days (to contribute to HSA) self-direct investments that can potentially grow your savings for healthcare or retirement. Contribution Limitations: 2025 IRS 2025 DMEI Annual 2025 Employee Contribution Limit Contribution Contribution Limit Single $4,300 $500 $3,800 Family $8,550 $1,000 $7,550 Age 55+ $1,000 Catch Up For any questions, go to www.hsabank.com or call 800-357-6246. 12