Health Savings Account
A Path to Financial Wellness
What is an HSA?
A Health Savings Account (HSA) is more than just a benefit; it’s a personal savings tool that empowers you to prepare for healthcare expenses today, tomorrow, and well into retirement. When paired with a high-deductible health plan (HDHP), an HSA gives you a powerful, tax-advantaged way to take control of your financial health.
HSA Benefit GuideYour Partner for Rainy Days and Brighter Futures
Life is full of surprises, and healthcare costs can be one of the biggest. An HSA is your personal savings account, designed to help you cover qualified medical expenses for you, your spouse, and your eligible dependents. The money is yours to keep, even if you change jobs or retire, and it rolls over every year. There is no “use-it-or-lose-it” rule.
Think of Tim, a young and healthy professional. He enrolled in an HSA to start saving early. By contributing $2,000 in his first year, he saved $600 in taxes. As years went by and he started a family, those savings grew, providing a valuable cushion for unexpected medical costs. His early decision to invest in his health gave him peace of mind for the future.
The HSA Triple-Tax Advantage
An HSA is one of the most powerful savings tools available because of its unique tax benefits.
What Can You Use Your HSA For?
With over 38,000 eligible products and services, your HSA can cover a wide range of healthcare needs. From everyday essentials to major medical costs, you can use your tax-free funds for:
• Doctor’s office copays and deductibles
• Prescriptions and over-the-counter medicines
• Dental work, orthodontia, glasses, and contacts
• Feminine care products, bandages, and sunscreen
• Chiropractic care and physical therapy
These savings add up. An average person spending $1,400 on out-of-pocket medical costs could save over $400 a year with an HSA. That’s enough for a gym membership or a few months of groceries.
HSA Eligible ExpensesTools That Put You in Control
We designed our tools to make accessing your benefits easy, so you can focus on what matters most: your health.
The Navia Benefits Debit Card
The fastest way to pay. Just swipe your card to pay for eligible expenses directly from your HSA. You can even add it to your mobile wallet for convenient mobile pay.
MyNavia Mobile App
Manage your benefits on the go. Check your balance, view transactions, and submit a claim by just snapping a photo of your receipt. It is a powerful tool, right in your pocket.
Online Participant Portal
Your 24/7 hub for everything related to your benefits. View your account history, submit claims online, and find helpful resources.
