The HSA is a health savings account that allows you to save money on a pre-tax basis to pay for qualified medical expenses. If you enroll in the Aetna HDHP HSA-Eligible Plan, you are also eligible to enroll under an HSA plan with Inspira Financial. Please note that you will be required to contribute a minimum of $52 per year.
Reasons to love an HSA:
- Tax-Free – no federal tax on contributions
- Withdrawals are also tax-free for eligible healthcare expenses
- No use it or lose it – your balance rolls over from year to year
- Boosts retirement savings
You can contribute to an HSA only if you are enrolled in the Aetna HDHP Plan and are not covered by any other traditional medical plan (including your spouse’s plan or Medicare) or flexible spending account, except if its ‘Limited Purpose’ flexible spending account which is for dental and vision expenses only.
You may contribute up to the maximums set by the IRS. For 2026, the maximum contribution limit is $4,400 for self-only coverage, or $8,750 for employee + 1 or more. An annual catch-up amount of $1,000 is available for participants at / over age 55.
