HSA the Right Way, with
Avidia Health
3 Big Benefits of Health Savings Accounts
Triple-Tax Advantages
Triple-Tax Advantages:
Contributions are tax free, potential interest accumulates tax free, and distributions are tax free when used to pay for qualified medical expenses.
Flexibility
Flexibility:
At age 65, any remaining HSA funds can be withdrawn for non-medical reasons without penalty.
Portability
Portability:
The employee owns all HSA funds. The accumulated balance in the account rolls over from year to year, and accounts move with employees even if they change employment or retire.
Why Avidia Health?
An Avidia Health HSA is a convenient and smart way to pay for medical expenses and reduce your taxable income. An HSA is a tax-favored account used in conjunction with an HSA-compatible health plan, usually a High Deductible Health Plan (HDHP).
Zero monthly maintenance fees
Free online bill pay
Debit cards
Mobile App
Tax Reporting
HSA Contributions Limits
2022
HSA Contribution Limits:
single
$3,650
family
$7,300
2021
HSA Contribution Limits:
single
$3,600
family
$7,200
catch up
Contribution Limits 55 and Older:
single
$1,000
family
$1,000
HSA Eligibility
To be eligible for an HSA, you must meet the following requirements, determined by the IRS
Have coverage under an HSA-qualified high-deductible health plan (HDHP)
Have no other medical coverage
Are not enrolled in Medicare
Cannot be claimed as a dependent on someone else’s tax return
Sign Up!
HSAs are easy to open, easy to use, and easy to maintain. You can open an HSA through your employer or on your own, and it only takes a few minutes.
