Healthcare Coverage: Health Savings Accounts
HSA
Health savings accounts (HSA) allow members to save money into tax-advantaged accounts. Qualified contributions made to HSAs are tax-deductible, and funds withdrawn to pay for qualified medical expenses are tax-free. More information about qualifying expenses and the HSA regulation, Section 213(d) of the IRS Tax Code is available on the IRS website.
Depending on the level of integration a participating Blue company elects, Blue Healthcare Bank can provide support for HSA member pre-enrollment, group set-up, member enrollment, payment options, customer service, billing and reporting.
