Health Savings Account (HSA)

Saving for your current and future healthcare expenses.
If you enroll in the BCBS High Deductible PPO + HSA medical plan, you are eligible to enroll in the Health Savings Account (HSA). An HSA is a personal savings account you can use to pay for qualified out-of-pocket medical expenses with pretax dollars—now or in the future. Your HSA can also be used for your expenses and those of your spouse and dependents, even if they are not covered by the HDHP medical plan.

How A Health Savings Account Works

Eligibility

You must be enrolled in the BCBS HSA High Deductible PPO.

Your Contributions

The company contributes $500 to your HSA for individual coverage and $1,000 for family coverage (amounts are prorated for new hires). You can also contribute on a pretax basis and can change how much you contribute from each paycheck up to the IRS maximum of $4,300 for individual coverage or $8,550 for family coverage (your contribution and the company’s contribution should not exceed the maximum). You can make an additional catch-up contribution if you are age 55.

Eligible Expenses

Eligible expenses include medical, dental, vision, prescription, and over-the-counter drug expenses incurred by you and your eligible family members. If you want to enroll in a Healthcare FSA, you are eligible to enroll in a Limited Purpose FSA, which covers dental and vision expenses only.

Wondering if your expense is eligible? Check this handy list from WEX.

Using Your Account

Use the debit card linked to your HSA to cover eligible expenses, or pay for expenses out of your own pocket and save your HSA money for future healthcare expenses.

Remaining Funds

Money left in your HSA at the end of the year will roll over to the next year—you’ll never lose your HSA dollars. If you leave the company or retire, you can take your HSA with you, and continue to pay and save for future eligible healthcare expenses.

Contact Info 

WEX

Call: 866.451.3399
Visit: benefitslogin.wexhealth.com
Simplify with the Mobile App
Transfer Funds Form

Your HSA Is Always Yours—No Matter What!

One of the best features of an HSA is that any money left in your HSA account at the end of the year rolls over so you can use it next year or sometime in the future. And if you leave the company or retire, your HSA goes with you!

  1. You can use your HSA funds to cover qualified medical expenses, plus dental and vision expenses too—or retire—tax-free.
  2. Unused funds grow and can earn interest over time—tax-free.
  3. You can save your HSA funds to use for your healthcare when you leave the Company or retire—tax-free.
  4. Balances of more than $1,000 can invest in mutual funds to grow the account tax-free, as long as the earnings are used for qualified medical expenses.