Health Savings Account (HSA)
An HSA is a tax-advantaged savings account that lets you cover today's eligible medical, dental, and vision expenses while building savings for future healthcare needs.
You can only contribute to an HSA if you are enrolled in our Cigna HDHP plan.
Awesome Aspects of an HSA
Employer Contributions- Specialized contributes $750 (individual) or $1,500 (family) annually.
Triple Tax Advantage - Contributions are pre-tax, growth is tax-free, and withdrawals for qualified expenses are tax-free.
Funds Roll Over Indefinitely: No “use it or lose it” rule; your money carries over year after year.
You Own Your Account: The HSA belongs to you even if you change jobs or retire.
Investment Opportunity: You can invest HSA funds in mutual funds for higher potential growth.
Lowers Your Taxable Income - Contributions reduce your taxable income for the year.
Retirement Healthcare Savings- Can serve as a supplemental retirement account for medical expenses.
Navia Administers our Healthcare Savings Accounts.
Company code:
Employee ID: Last Four Digits of Your SSN
Check out the HSA store for guaranteed eligibility on 2,500+ products!
FAQs
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Navia, our HSA administrator, will send you a welcome email when your enrollment has been processed.
Follow the instructions in that email to register for an online account.
You will also be mailed debit cards as an added convenience for using your HSA funds.
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You will receive debit cards in the mail from HealthEquity, our HSA administrator, and/or Navia, our FSA administrator.
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HSA funds rollover indefinitely with no “use it or lose it” rule. Your balance continues to grow year after year.