Health Savings Account (HSA)

Health Savings Account

If currently enrolled in a High Deductible Health Plan (HDHP), you are eligible to open and contribute to an HSA in a tax-advantaged manner.

Enroll today for Health Savings Account

If you are worried about affording the cost of healthcare and living expenses now, and in the future, an HSA can help you save money [toward any future medical bills]. [If you qualify, you can enroll in an HSA during open enrollment from XX/XX to XX/XX or at any time throughout the year.][You can change your contribution amount at any time.]

Getting Started with Your HSA

Your HSA has many financial benefits. You can use it for out-of-pocket qualified medical, dental, vision and preventive care expenses, and it can help you achieve your financial goals now and in the future.

Advantages of an HSA

  • Triple-tax savings: Employee and employer contributions are tax-advantaged, and your balances and investments grow tax-free, and you can take out tax-free funds at any time to pay for or reimburse qualified out-of-pocket healthcare expenses.
  • Build a safety net: HSAs are not “use-it-or-lose-it” accounts. HSA dollars roll over every year and continue to grow tax-free.
  • Your HSA for life: Your HSA belongs to you, including employer contributions, even if you leave your job. It’s never too late to achieve financial security, especially since we’re living longer lives than ever before.
  • Make your HSA work for you: Just like a 401(k) plan, your HSA earns interest and investment options are available.1 Remember, the interest and earnings are not taxed2, and your HSA balance is unlimited, thereby maximizing your savings power.
  • Additional tax savings at 55. You can contribute an additional $1,000 over the IRS annual limit starting at 55. The more you contribute to your HSA, the more you save on taxes. 

Plan Details

You can help alleviate the added cost MetLife Health Savings Account

Expenses Covered with your HSA

Use your tax-advantaged HSA to pay for qualified healthcare expenses. Here are some examples of what a HSA covers:

  • Copays, coinsurance and deductibles
  • Office visits, X-rays and lab work
  • Qualified vision and dental expenses
  • Prescriptions and OTC medications and supplies
  • Items such as blood pressure monitors and diabetic testing supplies

Plan Details

You can help alleviate the added cost MetLife Health Savings Account

HS & SA

Health savings & spending accounts: a suite of savings and spending solutions created with your life in mind.

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1 Source: Centers for Disease Control and Prevention: Accidents or Unintentional Injuries. Emergency department visits. https://www.cdc.gov/nchs/fastats/accidental-injury.htm. Accessed August 2018.

2 Coverage is guaranteed provided (1) the employee is actively at work and (2) dependents to be covered are not subject to medical restrictions as set forth on the enrollment form and in the Certificate. Some states require the insured to have medical coverage. Additional restrictions apply to dependents serving in the armed forces or living overseas.

3 Eligibility for portability through the Continuation of Insurance with Premium Payment provision may be subject to certain eligibility requirements and limitations. For more information, contact your MetLife representative.

4 Based on average costs at national retailchains.

5 Covered services/treatments must be the result of a covered accident or sickness as defined in the group policy/certificate. See the Outline of Coverage for more detail.

6 Benefit amount is based on sample MetLife plan design. Actual plan design and plan benefits may vary.

METLIFE'S ACCIDENT INSURANCE IS A LIMITED BENEFIT GROUP INSURANCE POLICY. The policy is not intended to be a substitute for medical coverage and certain states may require the insured to have medical coverage to enroll for the coverage. The policy or its provisions may vary or be unavailable in some states. There are benefit reductions that begin at age 65, if applicable. Like most group accident and health insurance policies, policies offered by MetLife may include waiting periods and contain certain exclusions, limitations and terms for keeping them in force. For complete details of coverage and availability, please refer to the group policy form GPNP12-AX or contact MetLife.

Benefits are underwritten by Metropolitan Life Insurance Company, New York, NY. Hospital does not include certain facilities such as nursing homes, convalescent care or extended care facilities. See MetLife’s Disclosure Statement or Outline of Coverage/Disclosure Document for full details.