HEALTH SAVINGS ACCOUNTS:
SECURITY FOR NOW AND LATER

As more and more employers make the switch to a High-Deductible Health Plan (HDHP), the Health Savings Account (HSA) continues to rise in popularity. It's an account that puts employees in control, allowing them to save on healthcare expenses and build a nest egg for retirement, much like a 401(k).

HSAs offer a triple-tax advantage: Contributions are tax-free, earnings are tax-free and withdrawals for eligible expenses are tax-free. In addition to the extraordinary savings potential, HSAs offer investment capabilities to help accountholders truly maximize the account's potential. The best part? The portability of the HSA means the account's balance continues to grow year after year and travels with the accountholder, even in the event of a career change.

WATCH NOW — WHY PARTICIPATE IN AN HSA?

ALL ABOUT HEALTH SAVINGS ACCOUNTS

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Employee enrolls in an HDHP and an HSA

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Employee contributes to the HSA with pre-tax payroll deductions or online contributions

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Employee spends, saves or invests HSA dollars

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HSA balance grows for when it's needed most

The IRS provides inflation-adjusted contribution limits for HSAs each year.

The most recent HSA contribution limits are:

20172018
HSA Contribution Limit (Individual)$3,400$3,450
HSA Contribution Limit (Family)$6,750$6,900
HSA Catch-Up Contribution Limit (age 55+)$1,000$1,000

For employees who already have an HSA, we make it easy to transfer accounts.

Transfer an Existing HSA

THE DISCOVERY DIFFERENCE

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One card, one online account, one app, and one service center for all benefits

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Low investment threshold and an integrated investment account

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A portable solution that increases flexibility

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HSA Advance, which lets participants tap into a ready reserve of HSA funds before they've built a balance

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Employee education catered to spenders, savers and investors

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