Benefits for Life & Health

Health Savings Accounts (HSAs)

Here’s to a healthy future.

A Health Savings Account (HSA) allows you to make tax-deductible contributions for future out-of-pocket expenses for you and your family—including your spouse and dependent children—even if they’re not covered by your High Deductible Health Plan (HDHP). Our HSA administrators are here to support your healthy future.

You can use the funds in your account to pay for current medical expenses, including expenses that your insurance may not cover, or save the money in your account for future needs such as:
Medical piggy bank for HSA administrators
  • Health insurance or medical expenses if unemployed
  • Medical expenses after retirement (before Medicare)
  • Out-of-pocket expenses when covered by Medicare
  • Long-term care insurance and associated expenses
An HSA is a personal account. You may save and invest your tax-deductible HSA contributions for retirement in a tax-deferred account. The money you accumulate in your HSA rolls over from year to year and can pay for most medical, dental and vision services.

The maximum amount that may be contributed to an HSA for 2018 is:

  • $3,450 for an individual
  • $6,900 for a family

An account that stays with you no matter what.

Your HSA is completely portable, so it follows you even if you:

  • Change jobs
  • Change your medical coverage
  • Become unemployed
  • Move to another state
  • Change your marital status

Take the next step

If you’re covered by a qualified HDHP, you may be eligible for an HSA.

At Sentinel Benefits, we’ll give you the tools and resources needed to manage your HSA. When working with us, you can:

  • Manage and invest in your account online, with secure 24/7 account access
  • Take advantage of flexible investment options
  • Access the latest information on HSAs, HDHPs, and the consumer-driven healthcare movement
  • Ask questions and receive answers from HSA experts
  • Have immediate access to funds with the Sentinel Benny Visa Debit Card

To learn more, email a Service Representative or call us at (888) 762-6088.