Healthcare Coverage Made Easy A Health Savings Account (HSA) is a tax-advantaged medical savings account that you own. It is a great way for individuals and families to cover the cost of medical and health-care expenses that would otherwise not have been covered by their health insurance plan. How does a Health Savings Account Work? When paired with a High Deductible Health Plan, an HSA allows you to save money on your monthly deductible for future health expenses. You, your employer, or other individual can make contributions to your account, up to the annual limit, to help cover the cost of medical expenses. Any funds remaining at the end of the year will stay invested and continue to grow tax-free. Plus, if you are over 55, you can contribute an additional make-up contribution to help build your health savings. The funds in your HSA are not just for doctors’ visits. They can be used to pay for prescriptions, over-the-counter medicines, and other qualifying health related costs. Thus, an HSA gives you a flexible way to manage your health care expenses, save for medical costs, and have a tax benefit for building your savings. What are the Benefits of an HSA? Gives you control of your healthcare coverage Supplements your High Deductible Health Plan (HDHP) Pays for qualified medical expenses No “use it or lose it” provision Your HSA can go with you if you change jobs or leave the workforce Mountain America Visa® HSA debit card If you are looking for a flexible, hands-on approach to managing your health related expenses, an HSA is the right account for you. Open your Health Savings Account today by visiting your nearest Mountain America branch, or by calling 1-800-748-4302.