Health Savings Account
(HSA)
A Health Savings Account (HSA) is a powerful tool that helps you save money on health care expenses while giving you more control over how you spend. If you're enrolled in a high-deductible health plan (HDHP), you may be eligible to open an HSA, which allows you to set aside pre-tax dollars for qualified medical costs—like doctor visits, prescriptions, and even dental and vision care.
The HDHP and HSA: How They Work Together
Together, your and TCU's contribution can cover a portion of your deductible and coinsurance.
Preventative Care
Free in-network preventative care - to emphasize the importance of wellness, preventative care is covered at 100% if you receive this care from in-network providers.
Deductible
You pay for your initial medical costs until you meet your annual deductible. This deductible is higher compared to the other medical plans but offset by HSA contributions you and TCU may make.
Coinsurance
Once the deductible is met, you and TCU share any further health care costs until you meet the out-of-pocket maximum.
Out-of-Pocket Maximum
The plan limits the total amount you'll pay each year. Once you meet your out-of-pocket maximum, the plan pays 100% of your eligible, in-network expenses for the remainder of the year.
How to Manage your HSA
Manage your account via a secure website on any computer or mobile device that's connected to the internet or via the EZ Receipts mobile app.
Visit www.healthequity.com/wageworks