Get the most out of your health care with Western Health Advantage's HSA-compatible plans and your HSA.

Your health savings account with your financial institution (otherwise known as an "HSA"), combined with your HSA-compatible plan from Western Health Advantage, lets you save serious money on top-quality healthcare for you and your family - while enjoying the benefits of tax-free savings and investing.

Here are some key points about an HSA³:

An HSA is like a medical checking account and an individual retirement account (IRA), all in one. Funds contributed to your HSA stay with you even if you change coverage, insurance carriers or employers.

There are three major tax advantages to an HSA :

1. Contributions to your HSA are tax free.
2. Interest on the money in your HSA grows tax free.
3. Withdrawals for qualified medical expenses are not taxed.

 

Your HSA-compatible plan and HSA provide you significant advantages¹:

HEALTH CARE SAVINGS	FINANCIAL BENEFITS
Pay lower monthly premiums	Pre-tax deposits lower current tax liabilities
Take control of your annual health care expenditures	Your HSA funds grow tax free
Get 100% coverage for all medical and prescription expenses once you reach your out-of-pocket maximum	Your withdrawals for qualified medical expenses are tax free2
Enjoy preventive care services at no cost to you	Your HSA savings are yours to keep even if you change employers or health plans

NOTE: If you choose to use your HSA funds for non-qualified medical expenses - like a massage or new TV - these withdrawals will be subject to taxes and penalties.⁴