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.
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 |
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 |