How HSAs and HDHPs Work Together

The great savings an employer gets from choosing one of Allied's High Deductible Health Plans (HDHPs) can be used to provide the funding for a tax-favored Health Savings Account (HSA). An HSA make sense for most people because of the "triple" tax savings. Contributions to an HSA, income from your HSA, and eligible expenses paid from your HSA are all tax deductible.        

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Some other great things about HSAs:

• Contributions can be made by the employer, the employee, or both
  
  
• It gives the employee complete choice in how to spend the initial dollars associated with their care
  
  
• Any unused contributions roll over from year to year and, if untouched, accrue to a sizeable amount over time

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HSA Frequently Asked Questions
A list of common HSA questions, answered.

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