SSM Health Plan Well HSA

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You can pay and save for your current and future medical expenses with a tax-advantaged individually owned HSA from WellFirst Health.

If you have a qualifying high-deductible health plan (HDHP) and meet other IRS requirements, you can set up a health savings account (HSA) through WellFirst Health to save pre-tax dollars for your—or your family’s—medical expenses.

See our Q&A

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How does it work?

Money deposited into Plan Well HSA belongs to you--the account holder, no matter who deposited it.

And there's no “use it or lose it” rule either, so don't worry. Rest assured the money can sit, stay and rollover until it is spent.  

Who says old money can't learn new tricks?
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What is the benefit?

Triple tax savings for account holders!
  • Direct deposits to HSA accounts are income tax exempt
  • Savings grow tax-free
  • Any funds spent on qualified medical expenses aren't taxed
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What can you spend funds on?

Almost anything from aspirin to x-rays. You can use your money from Plan Well HSAs to pay for a number qualified medical expenses--including doctor’s visits, prescriptions, dental and vision care for you, your spouse and dependents. 

See more information at irs.gov for a complete list of qualified medical expenses.

 

Health savings accounts (HSAs) are individual accounts offered or administered by Optum Bank®, Member FDIC, and are subject to eligibility and restrictions, including but not limited to restrictions on distributions for qualified medical expenses set forth in section 213(d) of the Internal Revenue Code. State taxes may apply. Fees may reduce earnings on account. This communication is not intended as legal or tax advice. Please contact a competent legal or tax professional for personal advice on eligibility, tax treatment and restrictions. Federal and state laws and regulations are subject to change.