Health Savings Account

A health savings account (HSA) allows you to save money for qualified medical expenses that you’re expecting, such as contact lenses or monthly prescriptions, as well as unexpected ones — for this year and the future. The money you deposit is yours until you spend it, and you can keep it even if you change jobs, health plans or retire.

Tax savings

HSAs help you plan, save and pay for health care, all while saving on taxes.

  • The money you deposit is federal income tax-free.

  • Savings grow income tax-free.

  • Withdrawals for qualified medical expenses are also income tax-free.

Pay for qualified medical expenses.
Once you’ve contributed to your account, you can use the funds in your HSA to pay for qualified medical expenses such as:

  • Doctor office visits

  • Dental care, including extractions and braces

  • Vision care, including contact lenses, prescription sunglasses and LASIK surgery

  • Prescription medications

  • Chiropractic services

  • Acupuncture

  • Hearing aids and batteries​

HSA's must be offered alongside a qualified high deductible medical plan.

Call

T: 855-919-1316

© 2019 by

Washington Hospitality Association