HDHP with HSA

Your Veterans United High Deductible Health Plan (HDHP) with a Health Savings Account (HSA) can help you save money. The monthly premiums are significantly lower, which gives you the freedom to determine what to do with those funds.

How Does a HDHP Work?

You are responsible for paying your covered medical and prescription expenses up to the deductible. You can use HSA funds to pay for these out-of-pocket expenses or you can reimburse yourself later. Save your receipts to prove that you used your HSA for qualified expenses.

How Does Your HSA Work?

Veterans United will make an employer contribution to your HSA at the beginning of the year. You may make pre-tax contributions to your HSA through payroll deduction.

The money in your HSA is always yours - no "use it or lose it" rule. All balances in your HSA remain in your account until spent. The money is yours even if you change health plans, jobs or retire.

2024 HSA Annual Contribution Limits
Contributions Individual Family
IRS Contribution Limit $4,150 $8,300
IRS Contribution Limit
age 55 and older
$5,150 $9,300
Veterans United Contribution $750 $1,500
You May Contribute $3,400 $6,800
You May Contribute
age 55 and older
$4,400 $7,800
The deadline for contributions is the same as your tax filing deadline excluding extensions. For most individuals this is April 15.
2025 HSA Annual Contribution Limits
Contributions Individual Family
IRS Contribution Limit $4,300 $8,550
IRS Contribution Limit
age 55 and older
$5,500 $9,550
Veterans United Contribution $750 $1,500
You May Contribute $3,550 $7,050
You May Contribute
age 55 and older
$4,750 $8,050