Accumulate from year to year for future medical expenses
With the rising costs of health care and a greater need for medical care as you age, it only makes sense to prepare for your future. With an HSA, your contributions may accumulate over time, to help better prepare for future care costs. Your HSA is designed to be there when you need it — today or even after you retire.
Choices to meet your needs
- FDIC-insured, interest-bearing account provides ready access to your account balance.
- A variety of mutual fund options are available for investment, offering potential for long-term growth.
- Convenient online account tracking.
- Online claims submission or automatic claims submission.
Reduced net cost to you
- GuideStone’s Health Saver medical plan with an integrated HSA combines tax benefits with a practical way to pay for your out-of-pocket health care expenses.
- Using health care providers in the Blue Cross Blue Shield PPO network provides you with care at a reduced cost.
- You have the potential to reduce taxes and your costs for “qualified medical expenses” not covered under your health plan.
Potential “triple tax" advantage
You may be able to lower your tax bill with your HSA in three ways:
- Cash contributions during a tax year are deductible from your federal gross income.
- Any earnings in your HSA accumulate on a tax-deferred basis.
- Withdrawals from your HSA for qualified medical expenses are free from federal income tax.
Additional HSA resources