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Health savings account

Employees can save tax-free dollars to help them plan for qualified healthcare costs now, and into the future.

Interested in pricing for a health savings account?

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Smart savings for you and your employees

Benefits How it works
  • Employer savings – Decrease your total payroll costs, reducing the amount of taxes you pay. You save on every dollar your employees contribute plus your contribution is tax-deductible.
  • Employee savings – Employees can use tax-free money for eligible healthcare expenses, giving them more money to cover their out-of-pocket healthcare expenses.
  • Easy to access – The Humana Access Mastercard® debit card allows employees to easily pay for eligible expenses.
  • Less work for you – Humana’s HSA administration is seamlessly coordinated with the Humana Access card and other benefits, including healthcare flexible spending accounts.
  • Funds belong to the employee – They keep their HSA if they leave the company or retire.
Get details about Humana Health Savings Accounts, PDF opens new window
What you need to know about our HSA:
  • Employees must be enrolled in a qualified high-deductible health plan
  • Triple tax advantage:
    • Money goes in tax-free
    • Savings grow tax-free
    • Withdrawals are tax-free if used for eligible items
  • Similar to a checking or savings account – Account stays with the member, even if they change jobs
  • Employees can adjust their contribution amount at any time
  • No “use it or lose it” rule – Employees can save what they don’t spend
  • Invest savings for growth, just like a 401k
  • IRS sets the annual contribution limit and allows for a catch-up contribution for employees ages 55+
Eligible expenses*
  • Medical services including copays and deductibles
  • Dental services including copays and deductibles
  • Prescription drugs
  • Eye exams, eyeglasses, contact lenses and solution, laser surgery
  • Orthodontia, dental cleanings, fillings, crowns and root canals
  • Physical therapy, speech therapy, chiropractor
  • Hearing aids
Get details about Humana Health Savings Accounts , PDF opens new window

* For further guidance refer to the IRS publications 969, 502 and code section 213(d). These publications are available at irs.gov.

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