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:
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
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
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.