Benchmark Benefits

What’s an HSA?

HSA stands for Health Savings Account. It’s a special savings account for people who have a high deductible health plan (HDHP). The HSA allows you to save tax-free dollars to pay for IRS-qualified medical expenses the HDHP doesn’t cover.

HSAs have other benefits, too. For example:

Your HSA and savings are yours to keep year after year. There’s no “use it or lose it” penalty—even if you change jobs or healthcare plans.

You can grow your HSA with investment options. And whatever you earn from HSA investments is not taxed, as long as the funds remain in your HSA account.

What does an HSA pay for? The tax-free dollars you save in an HSA can only be used to pay for “IRS-qualified medical expenses.” These include: medical expenses before and after you meet your health plan deductible, dental care services, vision care services, prescription services, over-the-counter medications prescribed by your doctor, and certain medical equipment.

My HSA Planner

Eligible Expenses

Benefits Technology & Resources

Health Savings Account (HSA) Transfer Request Form

WEX Mobile App Benefits