HSA the Right Way, with
"When my 18 month old fell from a bunk bed ladder on December 1st and broke both bones in his right leg, the medical bills were much higher than we anticipated. Thankfully, we had savings in our HSA that completely covered the cost of all our bills! It took such a burden off during a trying and stressful time. It pays to save and contribute towards your HSA. You'll thank yourself!"
"My HSA has saved the day by being there for unexpected medical and dental expenses. The fact that I can put a small amount away each week along with the generous amount my company contributes is so reassuring. I don’t have to put off a needed procedure."
"Having cash set aside in an HSA really helps with covering the out-of-pocket costs of medical co-pays and prescription medications. It's also great that it is triple-tax-advantaged with pre-tax money in, tax-free growth, and tax-free when spending on qualified medical expenses."
"Having some money put away in our HSA has been great for unexpected healthcare costs. Recently, our 1st grader accidentally got her finger shut in a door at church. She was brave and the doctors were great, but she ended up needing surgery and we were able to easily use our HSA card to cover the costs."
"I’m a nurse with chronic back pain and a bulging disc. I was unaware that my HSA would cover medical massage. Once I found out I was able to get at least a monthly massage at an affordable rate with my HSA account. I am now able to walk, move, bend, and help with patients. I am very grateful for my HSA."
"I have 3 children and we frequently visit the pediatrician. I closely manage my HSA and make sure I have funds to cover my out of pocket expenses. The Avidia card is so easy to use and the website helps me manage my transactions."
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At age 65, any remaining HSA funds can be withdrawn for non-medical reasons without penalty.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.