Seize the Advantages

• Save money. You will spend less on HDHP premiums than traditional insurance. You can then use your premium savings to fund your HSA.
• Avoid taxes. Your contributions to your HSA are tax deductible and may nudge you into a lower tax bracket, so you could save money on your whole tax bill, not just your health care costs. Earnings on HSAs also grow tax-free, and distributions for qualified medical expenses are tax-free.
• Keep control. You decide how much to put into your HSA and which medical expenses to pay out of it.
• Save for the future. Any amount left in your HSA at the end of the year is carried forward to help you cover future medical expenses.
• Own it. HSAs can travel with you from job to job, and you always have a right to 100 percent of the money in your account.
• Cover more expenses. You can use your HSA to pay for health care that your traditional insurance might not cover, such as eye care, chiropractors and some types of therapy.