PDF It's Your Money Save, Spend or Invest with Your HSA
It's your money
Save, spend or invest with your HSA
Your BenefitWallet? Health Savings Account (HSA) is a powerful savings tool that you can use to save, spend or invest for your -- and your family's -- health care expenses.
Three ways to use your HSA
1
Save
Contribute to your HSA regularly. Then, save your HSA funds to build a safety net for unexpected health care costs.
Anything you save rolls over year to year, so there's no risk of losing unspent funds.
Will you be prepared?
$7,500
Potential cost of a broken leg
$30,000
Average cost of a 3-day hospital stay
2
Spend
Use your HSA to pay for health care expenses and extend the buying power of your income.
Save up to 35% on qualified medical expenses such as medications and medical, dental and vision care.
The more you spend, the more you save.
$4,500
Annual out-ofpocket medical costs
$2,515
Potential annual tax savings
3
Invest
Similar to a 401(k), your HSA has investing features. Using this can grow your savings over time.
This is helpful since the average retired couple needs an estimated $390,000 to pay for out-of-pocket expenses.
Watch your HSA grow.
$$$ $$$ $$$ $$$ $$$ $$$
Year 10 Year 20 Year 30
How to open an HSA
Get started
by enrolling in an HSA-qualified health plan and open your account.
Things you should know
2021 contribution limits
In 2021 you can maximize your HSA deposits by contributing up to these amounts:
$3,600
Single coverage
$7,200
Family coverage
$1,000
Extra if you are 55 or older
Qualified medical expenses
You can spend your HSA dollars on qualified medical expenses such as:
? deductibles and copays ? prescription and over the
counter medications ? vision or dental care
View a full list of qualified expenses at pub/irs-pdf/p502.pdf.
Fund your account
by depositing funds into your HSA, ideally through your employer's payroll or from your bank account.
Always tax free
Tax
? Contributions
free ? Qualified expenses
? Investment gains
Use any time
Funds never expire
Pay for medical expenses
For you and your family
We're here to help
For more information visit our website at or call us at 877.472.4200.
? 2021 Conduent Inc. All rights reserved. Conduent, Conduent Agile Star and BenefitWallet? are trademarks of Conduent Inc. and/or its subsidiaries in the United States and/or other countries. HSA-M-1000-0820
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