Turn Your Health Savings Account Into a Powerhouse
With just a little more effort and know how, your Health Savings Account (HSA) can be a powerhouse spending or savings tool.
The Building Blocks of an HSA
An HSA can save you money now, but you can also put it to work to build your financial future! Let’s set the foundation first.
The HSA is a tax-free account, administered by Benefit Resource Inc. (BRI), that is only available if you’re enrolled in the BCBSIL High Deductible Health Plan with HSA. Keep in mind, you cannot be enrolled in any other health coverage (or Medicare) or claimed as a dependent on someone else’s tax return.
Now that we’ve laid the foundation, it’s important to understand the building blocks:
- An HSA is the only account to provide a triple-tax benefit
- Funds can be used to pay for eligible out-of-pocket medical expenses
- You never lose your HSA funds — spend the money, save it for later, or invest and grow it
Triple the Benefits
Build smarter. The triple-tax advantage that the HSA offers is what holds everything together.
You save 30–40% on every dollar you contribute to the HSA because funds are deposited tax-free, grow tax-deferred and remain tax-free when used for eligible medical expenses.
Tip: You can adjust your HSA contributions at any time. If you’re able to save more toward the annual limit, consider increasing your pre‑tax contribution.
Make Your HSA Pay for It
Just like building a house, your healthcare expenses can add up. But instead of paying for everything out-of-pocket, make your HSA foot the bill for eligible expenses like deductibles and coinsurance.
You can also use your HSA dollars for other health-related products and services, such as:
- Acupuncture
- Breast pumps
- Chiropractors
- Speech therapy
- Contact lens solution
- Sunscreen
Invest to Construct Your Wealth
You can spend your HSA dollars now, or you can save or grow them to support your future.
Your balance will roll over from year to year until you use it. To take your HSA to the powerhouse level, you can invest your HSA dollars in 1000+ stocks and ETFs. There’s no minimum to invest, and you can invest for just $1 a month.
Getting Started
These support beams will help you put the pieces together:
- Review the contribution maximums for 2026
- Register for and manage your account (Company code: lungusa; Member ID: Your Social Security Number (no dashes))
- Activate your HSA card
- Contact HR at [email protected] to change your contribution at any time
Featured Tools
Reimbursement Instructions
Reimburse yourself if you forget
to use your HSA card.
HSA Member Portal Overview
Know where to go to manage your account, make a deposit, transfer your funds, or change your investments.