Health savings account

• 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.

• 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+

• 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

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