Health Savings Accounts (HSAs)

If an employer offers a High Deductible Health Plan, an HSA allows employees to use pre-tax dollars to pay for eligible out-of-pocket medical expenses. An HSA has several tax advantages:

  • Pre-tax contributions

  • Tax-free accumulation on earnings

  • Tax-free distributions for qualified medical expenses

Employees may use pre-tax funds to pay for eligible out-of-pocket medical expenses.

  • Balance may be rolled over year-to-year

  • Start, stop, or change contributions throughout the year

  • Accumulate interest in a money market account

  • They own the account—take it with them wherever they go

HSA Card

The HSA Card may be used to pay for eligible expenses.

  • Direct access to funds

  • Eliminate distribution wait time

  • Accepted at doctor’s offices, retailers, and pharmacies

Online Account Access

Employees may request distributions online before or after an expense is incurred. Employees choose how they get distributions:

  • Check by mail

  • Direct deposit

Mutual Fund Options

Participants with account balances above $2,500 may choose from a diversified offering of no-load mutual fund. The funds offerings cross all investment risk tolerances.

Current HSA Customer?

If the employee already has an HSA, they may log in to their account at afhsa.com.

ESB-6220-1017