Pay Less in Taxes, Save More for Health
with a Self-Directed HSA
A Health Savings Account (HSA) is a triple tax-advantaged savings account for medical expenses where account holders with High Deductible Health Plans (HDHPs) could simultaneously reduce their taxable income through contributions and grow their funds tax-free with traditional and alternative investments.
Contributions are Tax-Deductible
Investments grow Tax-Deferred
Eligible Expenses are Tax-Free
Account Types
Health Savings Account
with a debit card
$75 Annual Membership
Pay for qualifying health expenses instantly with an HSA debit card. You can use the funds now, or let the funds grow by pairing it with a Health Savings Account for investing.
- Contributions to the account are tax-deductible
- Account comes with a Visa debit card
- Used to pay for Qualified Medical Expenses
- Unused funds will rollover to the next year
Health Savings Account for self-directed investing
$195 Annual Membership
Grow your wealth for you and your family with a self-directed Health Savings Account, allowing you to grow your account with alternative investments while paying for qualifying medical expenses now, completely tax-free.
Pair your self-directed Health Savings Account with an HSA debit card to take care of qualifying medical expenses with ease.
Eligibility
Eligibility to open a Health Savings Account (HSA) includes being covered under a High-Deductible Health Plan (HDHP compatible) on the first day of the month, not enrolled in Medicare, not claimed as a dependent on someone else’s tax return, and have no other health coverage except what is permitted under Other Health Coverage from IRS Publication 969.
Coverage Options
Individual Coverage
The policy covers the individual.
Contributions per year
$4,300 (under age 55)
$5,300 (55+)
Family Coverage
The policy covers the family.
Contributions per year
$8,550 (under age 55)
$9,550 (55+)
Qualifying Tax-Free Expenses
With a Health Savings Account, you can pay for qualifying medical expenses completely tax-free, such as: Prescriptions, eyeglasses/contacts, dental services, chiropractic services, ambulance services, COVID-19 related testing and treatment & more. See the full list on Publication 502.
FAQs
An HSA is a tax-advantaged savings account designed for individuals with a high-deductible health plan (HDHP). It allows you to save pre-tax dollars and use them for qualified medical expenses tax-free, with unused funds rolling over year to year.
To contribute to an HSA, you must be enrolled in an HSA-qualified HDHP, not covered by other non-HDHP health plans, not enrolled in Medicare, and not claimed as a dependent on someone else’s tax return.
Yes, many HSAs allow you to invest your balance in both the stock market and alternative investments like real estate, potentially growing your savings over time.
You can use HSA funds for a wide range of qualified medical expenses, including doctor visits, prescriptions, dental and vision care, and some over-the-counter items.
Yes, you can have both HSA account types, just keep in mind they are two separate accounts with their own fee schedules and not one joint account.
DISCOVER ALTERNATIVE OPTIONS
Investor's Row
Discover alternative investment opportunities for your Self-Directed Health Savings Account (HSA).
