Health Savings Account For information regarding Health Savings Accounts, please click here to be taken to the Federal Industry Regulatory Authority's article "The ABC's of HSAs and FSAs". A Health Savings Account, or HSA, is a unique, tax-advantaged account that can be used to pay for current or future healthcare expenses. When combined with a high-deductible health plan, it offers savings and tax advantages that a traditional health plan can't duplicate. With an HSA, members will have: A tax-advantaged savings account: that they can use to pay for eligible medical expenses as well as deductibles, co-insurance, prescriptions, vision expenses, and dental care. The potential to build more savings through investing. Members can choose from a variety of self-directed investment options with no minimum balance required. Unused funds that will roll over year to year. There's no "use it or lose it" penalty. Additional retirement savings. After age 65, funds can be withdrawn for any purpose without penalty, but may be subject to income tax if not used for IRS-qualified medical expenses. It Takes Less Than 10 Minutes to Open an HSA Take control of your healthcare savings. Have a Question? Name Email Phone Question Thank you! Oops!