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Health Savings Account

Start Saving for Dentistry With an HSA

HEq LogoHealthEquity and the Dental Benefit Program have partnered together to offer qualifying patients a remarkably easy way to budget and pay for their dental work. We have made it simple for patients to set up a Health Savings Account and start saving for dentistry.


The Benefits of an HSA with HealthEquity and the Dental Benefit Program:

  • Save for dental work.
  • Money saved rolls over year to year.
  • Tax benefits.1
  • You can invest your HSA funds.2
  • 37% discounted monthly HSA fee through the DBP.

Enroll Now for your HSA



What is an HSA?

A health savings account (HSA) is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a high-deductible health plan (HDHP). The funds contributed to an account are not subject to federal income tax at the time of deposit.


What Are the Benefits of an HSA?

Roll Over – With an HSA, you own the account and all contributions. Unlike flexible spending accounts (FSAs), the entire HSA balance rolls over each year and remains yours even if you change health plans, retire or leave your employer.

Autopilot Your Savings – Once enrolled, you can opt to automatically contribute to your HSA each month to make saving for dentistry easier.

Tax Benefits – Money put into your HSA is not taxed, you earn tax-free interest on HSA balances, and HSA funds used for qualified medical expenses are not taxed.

Invest Your Savings – Once your account balance reaches $2,000, you can increase your earning potential by investing any funds over that amount in mutual funds. A comprehensive line-up of mutual funds is offered with options designed to fit your individual needs.


What Does it Cost to Have an HSA?

The Dental Benefit Program has helped you lower the cost of HSA participation:
Typical HSA fee = $3.95/month
Dental Benefit Program HSA fee = $2.50/month That’s a 37% savings!
Monthly fees are withdrawn from your HSA account.


Who Can Open an HSA?

To make tax-free contributions to an HSA, the IRS requires that:

  • You are covered by an HSA qualified health plan.
  • You have no other health coverage (such as other health plan, Medicare, military health benefits, medical FSAs).
  • You cannot be claimed as a dependent on another person's tax return.

HSAs Are an Easy Win in Today’s Complex Healthcare System

How an HSA works

An HSA paired with an HSA-qualified health plan allows you to make tax-free contributions to an FDIC-insured savings account. Balances earn tax-free interest and can be used to pay for qualified medical expenses. HSA-qualified health plans typically cost less than traditional plans and the money saved can be put into your HSA.

HSAs empower savings:

  • Lower monthly health insurance premiums
  • Money put into your HSA is not taxed
  • You earn tax-free interest on HSA balances
  • HSA funds used for qualified medical expenses are not taxed
  • You can invest your HSA funds for increased tax-free earning potential

HSA funds remain yours to grow

With an HSA, you own the account and all contributions. Unlike flexible spending accounts (FSAs), the entire HSA balance rolls over each year and remains yours even if you change health plans, retire or leave your employer.


Get Started With an HSA Today

  • Select an HSA-qualified health plan

    Enroll in an HSA-qualified plan. These plans typically cost less than traditional plans and provide tax saving opportunities. HealthEquity set up your account and supply a HealthEquity Visa® Health Account Card1 to conveniently pay for eligible expenses.

  • Add money to your HSA

    2018 HSA Contribution Limits
    Individual: $3,450
    Family: $6,900

  • Watch your HSA grow

    Your FDIC-insured HSA earns tax-free1 interest. Maximize your tax-free earning potential by investing HSA funds using the convenient online investment tool.

  • Use Your HSA for qualified medical expenses

    HSA funds can be used for a variety of qualified medical, dental and vision expenses, including***…

    • Acupuncture
    • Birth control
    • Chiropractor
    • Contact lenses
    • Dental treatment
    • Prescription eyeglasses
    • Fertility enhancement
    • Hearing aids

    ***For a full list of qualified medical expenses go to http://healthequity.com/qme/


HSAs: THE NEW RETIREMENT STRATEGY

Supplement your retirement
The average American couple will need $265,000 to cover out-of-pocket health care costs in retirement. An HSA can help fill this Medicare gap as well as dental, hearing and vision expenses. Qualified medical expenses remain tax-free, even into retirement. In addition, after age 65, you can use your HSA much like a 401(k) and withdraw funds for any purpose.

Invest your HSA to maximize your tax-free earning potential
Once your account balance reaches $2,000, you can increase your earning potential by investing any funds over that amount in mutual funds. A comprehensive line-up of mutual funds is offered with options designed to fit your individual needs.


1 HSAs are never taxed at a federal income tax level when used appropriately for qualified medical expenses. Also, most states recognize HSA funds as tax-free with very few exceptions. Please consult a tax advisor regarding your state’s specific rules.
2 Investments available to HSA holders are subject to risk, including the possible loss of the principal invested and are not FDIC insured or guaranteed by HealthEquity, Inc.. HealthEquity, Inc. does not provide financial advice. HSA holders making investments should review the applicable fund’s prospectus. Investment options and thresholds may vary and are subject to change. Consult your advisor or the IRS with any questions regarding investments or on filing your tax return. Before making any investments, review the fund’s prospectus.
3 Thresholds may vary.