The Power of a Health Savings Account (HSA)

Contributing to a Health Savings Account helps to offset out-of-pocket medical expenses when you have medical coverage through a High Deductible Health Plan (HDHP).

HDHP plans usually cost less out of each paycheck, but have higher deductibles you need to pay before your health insurance begins to provide benefits. Enter the power of an HSA paired with your High Deductible Health Plan!


A Health Savings Account (HSA) is a pretax medical savings account in which you set aside pretax money out of your paycheck to cover out-of-pocket health care expenses. An HSA can be used to pay for qualified medical expenses, such as medical copays, deductibles and coinsurance, dental and vision care, prescription drugs, and common over-the-counter medicines.
Like a regular savings account, contributions are held in a bank account and your HSA earns interest. Some plans also allow you to invest your funds in mutual funds and other investments.

You can only have an HSA if you are enrolled in a High Deductible Health Plan.

Flex Made Easy HSA

Flex Made Easy offers a full service HSA solution that provides comprehensive administration, compliance, and investment management services. Automatic monthly reports, email alerts and other services for virtually paper-free administration.

Multiple Contribution Methods: Lump sum, first-of-the-month, or payroll cycle contributions, including mid-year enrollments

Multiple Options for 24/7/365 Account Management: Online Portal and Mobile App (Apple® or Android)

Multiple Investment Options: No fees for trades

Multiple Methods to Make a Claim: Use the Flex Made Easy HSA Visa® debit card received upon Plan enrollment and conveniently pay for eligible out-of-pocket HSA expenses. With Flex Made Easy Online Bill Pay, reimbursements can be received via direct deposit or check by mail.

With Flex Made Easy Online Enrollment, you can open an account, set up direct deposit, and direct funds into top-rated investment accounts. You can also access Flex Made Easy Customer Support, and representatives are available to help you with any questions.

Frequently Asked Questions

You can begin using your debit card as soon as funds are credited to your account. Usually, this means after your first contribution via payroll deduction. As you build up your HSA account value, those funds are available to you through your debit card.

You can open an HSA account if you are enrolled in a High Deductible Health Plan (HDHP). You cannot be covered by any other non-HSA compatible health plan, including Medicare Parts A and B, Tricare or a spouse’s non-qualifying plan, nor can you be claimed as a dependent on another’s tax return. Individuals receiving Social Security are not eligible to contribute to an HSA.

Money you don’t use in your HSA rolls over from year to year and earns interest tax-free.

Withdrawals from the HSA are not taxed as long as they are used for qualified expenses.

HSA funds stay with you when you change jobs or retire — you own the account! After age 65, HSA funds can be used for any purpose without penalty (only income tax is assessed if the funds are used for anything other than a qualified medical expense).

Your contributions to an HSA are limited each year.  For 2024, you can contribute up to $4,150 if you are enrolled with self-only coverage on your High Deductible Health Plan (HDHP) or up to $8,300 for family coverage.  For 2023, the limits are $3,850 and $7,750, respectively.  You can contribute an additional $1,000 if you are age 55 or older.


IRS-Qualified Medical Expenses

Common expenses claimed against Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs), Health Care Flexible…
HSA Transfer Form