Tax Savings
When used for qualified medical expenses, HSAs offer a triple tax savings—contributions, any investment earnings, and distributions are federal tax free.
Growth Potential
You have the opportunity to grow your HSA by investing your contributions in a variety of investment options—including stocks, bonds, and mutual funds—for potential growth of your account over time.
Flexibility
Any unused balance in your account will automatically carry over from year to year, so you can begin to build your savings for future qualified medical expenses.
Customizable
You determine how much to contribute annually (up to your maximum annual contribution limit per IRS rules), when and how to invest your contributions, and whether to take an HSA distribution to pay for current qualified medical expenses, or let your contributions stay invested for future growth potential. You can increase the amount you contribute at any time during the year.
Portability
Your HSA always belongs to you, even if you change jobs or become unemployed, change your medical coverage, move to another state, or change your marital status.