What is a Health Savings Account?
Health Savings Accounts (HSAs) are member-owned accounts with tax advantages, allowing you to set aside pre-tax dollars for future qualified medical expenses. You have the opportunity to invest funds tax-free. The funds in the account do not have an expiration date and are yours forever!
What is an HSA?
Health Savings Accounts (HSAs) are member-owned accounts with tax advantages, allowing you to set aside pre-tax dollars for future qualified medical expenses. You have the opportunity to invest funds tax-free. The funds in the account do not have an expiration date and are yours forever!
Why Choose Us
- 3 in 1 Investment Platform
- Convenient Account Management
- Versatile Savings Account
- Engaged Member Service Team
- Receive a Triple Tax Advantage
Why Choose Us
- 3 in 1 Investment Platform
- Convenient Account Management
- Versatile Savings Account
- Engaged Member Service Team
- Receive a Triple Tax Advantage
Save
Stop spending on “what-if” costs and use your money your way
Triple-Tax Advantage
First, HSA contributions from you or your employer are tax-free. Second, HSA funds earn tax-free interest and investment earnings. Third, payments for medical care using HSA dollars are tax-free. HSAs provide financial flexibility, promote savvy healthcare decision-making, encourage financial growth, and offer tax advantages.
Rollever Funds
Use HSA funds for your medical, dental, vision, prescriptions, and more. HSA funds always belong to you. They never expire, and remain accessible even in the event of a job change or retirement. What if you never need to use your HSA for medical bills? HSAs basically turn into a 401K when you turn 65!
Keep Your Premium Savings
Qualified HSA plans offer lower premiums, allowing you the potential to save thousands of dollars in “what-if” costs every year. When you put the extra money you saved from having a low premium plan into your HSA you change the “what-if” costs into lifelong savings. Create a MotivHSA account today to start saving.
Save
Stop spending on “what-if” costs and use your money your way
Triple-Tax Advantage
First, HSA contributions from you or your employer are tax-free. Second, HSA funds earn tax-free interest and investment earnings. Third, payments for medical care using HSA dollars are tax-free. HSAs provide financial flexibility, promote savvy healthcare decision-making, encourage financial growth, and offer tax advantages.
Rollever Funds
Use HSA funds for your medical, dental, vision, prescriptions, and more. HSA funds always belong to you. They never expire, and remain accessible even in the event of a job change or retirement. What if you never need to use your HSA for medical bills? HSAs basically turn into a 401K when you turn 65!
Keep Your Premium Savings
Qualified HSA plans offer lower premiums, allowing you the potential to save thousands of dollars in “what-if” costs every year. When you put the extra money you saved from having a low premium plan into your HSA you change the “what-if” costs into lifelong savings. Create a MotivHSA account today to start saving.
Spend
HSA Qualified Medical Expenses
You can save an average of 30 percent on qualified medical expenses because of tax savings on contributions. View a list of qualified medical expenses here.
Use Your HSA Card
Using your HSA card for medical expenses allows you to spend tax-free dollars. When using your HSA you can save money while you spend it.
Smart Spending
- Generic Medication: Use your HSA card to pay for generic medication when you can. Generic medication can cost 20 to 70 percent less than brand names.
- Urgent Care: When in need of care quickly, consider going to urgent care when you are noting a life-or-death situation. Urgent care can be 5 times cheaper than the emergency room.
- Shop Around: It’s important to shop for care when in need of major surgery or a simple procedure. Prices vary greatly based on physician and facility. Know the cost before you go.
Take Charge
No one likes paying for medical expenses, let alone paying more than you need to. Spend smart and pay less by using your HSA card. Call us to learn more about how to save of medical costs. 844-234-4472
Invest
One platform. Three paths.
Managed Paths
New to investing? Our managed path will automatically select, manage, and rebalance your investments on an ongoing basis in accordance with your age, risk profile, and time horizon factors.
Self Directed ETF
Those interested in managing their own investment portfolios will benefit from our self-directed ETF investment path. This path has a preselected menu of investment options you can choose from that cover multiple asset classes to diversify your portfolios.
Brokerage Accounts
Members who are experienced in advanced investment research, filters, and trading will benefit from our brokerage investment path. This path gives access to thousands of investment instruments including stocks, ETFs, and mutual funds.
Invest
One platform. Three paths.
Managed Paths
New to investing? Our managed path will automatically select, manage, and rebalance your investments on an ongoing basis in accordance with your age, risk profile, and time horizon factors.
Self Directed ETF
Those interested in managing their own investment portfolios will benefit from our self-directed ETF investment path. This path has a preselected menu of investment options you can choose from that cover multiple asset classes to diversify your portfolios.
Brokerage Accounts
Members who are experienced in advanced investment research, filters, and trading will benefit from our brokerage investment path. This path gives access to thousands of investment instruments including stocks, ETFs, and mutual funds.
Make the Most Your HSA
It’s no secret that HSAs are an excellent retirement vehicle. They allow tax-free contributions, growth, and withdrawals. They are completely owned by you and can be transferred from one employer to the next. HSA funds also roll over from year to year. So, how can you take complete advantage of these benefits?
Contribute
It’s simple: Grow your health savings by contributing! Even if your employer makes contributions towards your HSA, you should be contributing monthly if you want to maximize your savings. A smart way to contribute is to think about how much you’re saving on premiums, and then put those savings in your HSA. Remember, HSA dollars are your dollars. They don’t expire, and they will roll over year after year.
Understand Price Variance
Many people don’t know this, but there is a great lack of price transparency when it comes to the cost of medical procedures. For example, you could pay $600 for a blood test at Facility A, or drive down the road to Facility B and get the same test for $200. The same is true for baby delivery, office visits, mammograms, and many services; even within the same metro area. Being aware of price variance, and knowing how to find more affordable options, can be the difference of up to thousands of dollars in reduced medical costs (which means more savings in your HSA).
Be Aware of Prescription Costs
Not only is there cost variance for medical procedures, but there is also cost variance in prescribed medications. Instead of going for name-brand medications, opt for the generic brand when possible. Just call one of our PHAs to see what options are available to you.
Utilizing Tax Advantages
Don’t forget to report your HSA contributions on your tax return. Say you make $65,000 per year. That means your federal income tax will be 22% (if you’re the head of a household, not single). Say you put away $5,000 in your HSA. You don’t have to pay taxes on that $5,000. That’s a savings of $1,100 (22% of $5,000)! HSA contribution limits for 2020 are $3,550 for self-only coverage and $7,100 for families, and those tax savings can add up over the years.
Invest Your HSA Dollars
Many with HSAs aren’t aware that they can invest their HSA dollars. As your HSA grows, investing a portion of those savings can be a smart way to grow them even faster. Call our PHAs to see how you can invest your HSA funds.
Make the Most Your HSA
It’s no secret that HSAs are an excellent retirement vehicle. They allow tax-free contributions, growth, and withdrawals. They are completely owned by you and can be transferred from one employer to the next. HSA funds also roll over from year to year. So, how can you take complete advantage of these benefits?
Contribute
It’s simple: Grow your health savings by contributing! Even if your employer makes contributions towards your HSA, you should be contributing monthly if you want to maximize your savings. A smart way to contribute is to think about how much you’re saving on premiums, and then put those savings in your HSA. Remember, HSA dollars are your dollars. They don’t expire, and they will roll over year after year.
Understand Price Variance
Many people don’t know this, but there is a great lack of price transparency when it comes to the cost of medical procedures. For example, you could pay $600 for a blood test at Facility A, or drive down the road to Facility B and get the same test for $200. The same is true for baby delivery, office visits, mammograms, and many services; even within the same metro area. Being aware of price variance, and knowing how to find more affordable options, can be the difference of up to thousands of dollars in reduced medical costs (which means more savings in your HSA).
Be Aware of Prescription Costs
Not only is there cost variance for medical procedures, but there is also cost variance in prescribed medications. Instead of going for name-brand medications, opt for the generic brand when possible. Just call one of our PHAs to see what options are available to you.
Utilizing Tax Advantages
Don’t forget to report your HSA contributions on your tax return. Say you make $65,000 per year. That means your federal income tax will be 22% (if you’re the head of a household, not single). Say you put away $5,000 in your HSA. You don’t have to pay taxes on that $5,000. That’s a savings of $1,100 (22% of $5,000)! HSA contribution limits for 2020 are $3,550 for self-only coverage and $7,100 for families, and those tax savings can add up over the years.
Invest Your HSA Dollars
Many with HSAs aren’t aware that they can invest their HSA dollars. As your HSA grows, investing a portion of those savings can be a smart way to grow them even faster. Call our PHAs to see how you can invest your HSA funds.
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