DefinitySM Plan with an HSA
This consumer-driven health plan covers you when you use doctors and hospitals in or out of our nationwide network. You can get care outside of our network, but your costs may be higher. The plan also lets you open a health savings account (HSA), which is a bank account that you own. An HSA saves you money because your contributions are not taxed. You can use your HSA to save and pay for eligible medical bills, today or in the future, even in your retirement.
An HSA is an optional account that you can use to pay for current and future qualified medical and pharmacy expenses. It is funded by contributions made by you. Your employer also can choose to contribute. All deposits, earnings and withdrawals for qualified health care expenses are tax-free.
- The balance grows from year to year, tax-free with interest
- You can take advantage of investment options
- You can take your HSA with you if you change jobs or retire
- You choose when — and whether — to use your HSA funds