Health Savings Accounts
Invest in your health.
Choose a different path toward well-being. A Health Savings Account (HSA) offers an alternative to traditional health insurance, allowing you to make important decisions about how your medical expenses are paid. It’s a lot like an IRA: You set aside money to pay for current or future medical expenses not covered by your health insurance, all on a tax-free basis.
SELCO offers Health Savings Accounts for both individuals and families, empowering you to:
Take back control.
You get full command of your health care funds. You decide how much to contribute, when to use your savings, and how the money is spent—without relying on a third party such as your insurer.
Your Health Savings Account works in conjunction with a High Deductible Health Plan. That means you’ll spend less on insurance premiums, leaving you more money to save. Plus, all of your contributions are tax deductible. Ask your tax advisor about other tax advantages.
Save on your terms.
Our flexible Health Savings Accounts adapt to your needs. The balance rolls over from year to year—there’s no “use it or lose it” rule—and you can add to it whenever you want. It also stays with you, regardless of job changes.
Your account will pay health care expenses not covered by your insurance, giving you the opportunity to save for high or unexpected medical bills.
Ready to learn more?
Visit Retirement Central® to see if you’re eligible for one of our Health Savings Accounts.