HEALTH SAVINGS ACCOUNTS:
SECURITY FOR NOW AND LATER

What is an HSA? As more and more employers and employees 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).

An HSA provides a triple-tax advantage: Contributions are tax-free, earnings are tax-free and withdrawals for eligible expenses are tax-free. Accountholders can truly maximize the potential of an HSA by tapping into its investment capabilities. The best part? The portability of the HSA means its balance grows year after year and stays with the accountholder, even in the event of a career change.

WATCH NOW

ALL ABOUT AN HSA

mouse pointer

Employee enrolls in an HDHP and a Health Savings Account

piggy bank

Employee contributes pre-tax payroll deductions or online contributions

money bag

Employee spends, saves or invests HSA dollars

grow

HSA balance grows for when it's needed most

The IRS provides inflation-adjusted contribution limits each year.

The most recent HSA contribution limits are:

20202021
Individual Contribution Limit$3,550$3,600
Family Contribution Limit$7,100$7,200
Catch-Up Contribution Limit (age 55+)$1,000$1,000

For employees who already have a Health Savings Account, we make transferring easy.

Transfer an existing HSA

THE DISCOVERY BENEFITS DIFFERENCE

 

One card, one online account and one mobile app for all benefits

 

Low investment threshold, an integrated investment account and a Health Savings Brokerage Account

 

A portable solution that increases flexibility

 

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

 

Employee education catered to spenders, savers and investors

BE THE FIRST TO KNOW