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Who is NovaSys Health?
About
Your HSA Custodian
What is the HSA PPO?
What are Pre-Tax Contributions?
What are the Eligible Medical Expenses?
Who Is a Qualified Dependent?
Do I Have a Debit Card Option?
Can I Invest My HSA Funds?
Who is DataPath Administrative Services?
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10 reasons you should have an HSA
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your HSA
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About your HSA
Besides getting a reduction in your monthly
insurance premiums, the HSA offers significant savings opportunities both
in the current year and for the future.
Immediate Savings
You can make monthly contributions
to your HSA on a pre-tax basis, reducing your taxes on every paycheck.
This can increase your Net Take Home Pay by hundreds of dollars over
the course of a year. Plus, the more you contribute, the more you save.
Long-Term Savings
Many people have heard of the "Use
it or Lose it" rule for Flexible Spending Accounts. This is where
you have to spend every dollar of your annual election or else you will
forfeit the remaining balance. This is NOT the case with an HSA. If
you contribute $1,000 for this year and only incur expenses of $250,
then your can save the remaining $750 for next year, or the year after
that or the year after that. It never goes away, until you withdraw
the money.
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