The truth about your
health savings account.

It's time to debunk a few HSA myths.

You made a great choice by enrolling in a health savings account!

Now it's time to make sure you understand your HSA and are able to get the most value out of your healthcare dollars.

Fiction	Fact
An HSA is the same as an FSA.	HSAs have greater tax savings, long-term savings potential, and flexibility than FSAs.
An HSA is a spending account that allows you to save money, tax-free, to pay for current healthcare expenses.	An HSA is a long-term savings vehicle that allows you to save money, tax-free, to pay for current and future healthcare expenses.
You will lose your HSA dollars if you don’t spend them this year.	There is no use-it-or-lose-it rule. Instead, unused funds carry forward year to year allowing you to save more money and grow your balance.
You can only adjust your HSA election amount or make contributions during open enrollment.	You can change your annual election amount or make additional contributions at any time during the plan year (contributions may not exceed the IRS’ annual limit).
You lose access to your HSA if you leave your employer.	An HSA is a personal financial account — the money in the account is yours even if you leave your employer. If you switch employers and find yourself with multiple HSAs, you can easily consolidate them into a single account.
You can’t save money with HSA tax benefits	You can save thousands of dollars tax-free, depending on how much money you choose to contribute to your account. An HSA offers three tax-saving benefits: 1. Contributions are tax-free 2. Your savings are tax-free 3. Withdrawals for qualified healthcare expenses are tax-free
An HSA is a great tax-free savings account, but you can’t invest it.	Once you meet the minimum balance requirement, HSA dollars can be invested for growth, and earnings are tax-free.

How much can you save?

Use our calculator to estimate the future value of funds in your health savings account.

Calculate Now

Have more than one HSA? No problem.

Consider consolidating your accounts into one.

1. Contact Sample Client and request an HSA rollover form.

2. Contact your current HSA administrator and request a distribution check.

3. Mail both the form and distribution check to Sample Client.