Health savings accounts (HSAs) allow you to set money aside for IRS-approved medical expenses through pre-tax contributions. Think of it as a personal bank account just for healthcare expenses. To contribute to an HSA, you must have a qualified high-deductible health plan (QHDHP).
This is an IRS rule. You're eligible only if you answer NO to all of these questions:
For details about your plan's specific benefits, sign in to your account and view your preventive benefits list, summary of benefits, and your benefit booklet.
HSA Eligible Healthcare Expense List Some of the services you can purchase with your HSA funds.
HSA Preventive Drug List A list of drugs covered in full by your plan.
Manage your HSA Sign in, or download the ConnectYourCare mobile app to access your HSA when you’re on the go.