HSA the Right Way, with
"Our HSA with Avidia took away the financial stress of having a baby! We didn't have any financial stress in the middle of adding a new family member. I am very thankful we didn't have to focus on bill payment and payment plans in the middle of such a big life change. We paid in full for the birth and after care. Additionally, we have plenty of padding for healthcare costs so we never have to dip into savings for health expenditures."
"We've used our HSA for years to pay for doctor visits and other related medical costs TAX FREE. We love that the HSA allows us to stretch our hard earned dollars a little farther."
"My son had an unexpected surgery, and investing in my HSA made a big financial burden bearable. We were able to pay 75% of our deductible that year because we had saved! Even a healthy 11 year old can have an emergency, planning for these emergencies is essential."
"When my spouse was diagnosed with Crohn's disease, there was a lot of blood work, tests, and infusions to combat the diagnosis. Having the HSA helped keep a more balanced budget navigating these new waters in my spouse's health."
"Well, I just finished recuperating from some unplanned but very necessary surgery. That was a quick $50k+ in medical expenses, which after insurance leaves me with around $6,500 due. I'd rather keep those dollars in my HSA for retirement, but I'm sure glad I have them available to pay the bill and on a tax free basis. I'd estimate that saved me about $2,500 in taxes vs using a regular savings account!"
"Whether it was taking a sick kid into the urgent care in the middle of the night or visiting my doctor when I had a health scare, my HSA has saved the day more times than I can count. When I didn't have the money to make another payment, I had my HSA to help out. I'm glad I have one and will continue to use it in the future."
3 Big Benefits of Health Savings Accounts
Contributions are tax free, potential interest accumulates tax free, and distributions are tax free when used to pay for qualified medical expenses.
At age 65, any remaining HSA funds can be withdrawn for non-medical reasons without penalty.
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.
Avidia members can use their HSA funds for certain medications, medical equipment, and other healthcare-related expenses.
Eyewear & Eyecare
Prescription Medication & Qualified OTC Medication
HSA Contributions Limits
HSA Contribution Limits:
HSA Contribution Limits:
Contribution Limits 55 and Older:
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
Investing with Avidia
Avidia HSA members need a balance of $1,000 to begin investing their HSA funds. Once this threshold is reached, members can choose the mutual fund that best fits their situation.
- No federal income tax on contributions
- No tax on withdrawals for qualified medical expenses
- Earnings from investments are tax free*
We offer over 30 investment options at Avidia Health because we know every budget, every family, and every situation is unique.
*Earnings withdrawn for reasons other than qualifying medical expenses before accountholder turns 65 are subject to ordinary income tax.