A Health Savings Account (HSA) is a personal and portable bank account that is yours to keep. If you are enrolled in one of the Highmark BCBS HDHP HSA plans, you can open a Health Savings account to pay for qualified medical, dental, and vision expenses.

Funds roll over at the end of each year and accumulate tax-free, as does the interest on the account. Once you reach the age of 55, you are allowed to make an additional $1,000 “catch-up” contribution to your HSA until age 65. For the 2026 calendar year, you can contribute up to $4,400 towards your HSA if you are enrolled in employee only coverage. If you have family coverage, you can contribute up to $8,750 towards your HSA.

Remember, your HSA is yours to keep. Your contributions are tax-free, and your money also earns interest tax-free. With a balance of $1,000 or more, you can invest HSA funds in a selection of investment options through UMB HSA Saver for additional pre-tax account earnings.

HSA Eligibility

• Must be enrolled in a High Deductible Health Plan (HDHP)
• Cannot be covered by any other health plan that is not a Qualified High Deductible Health Plan.
• Cannot be receiving any benefits from Medicare (including Medicare Part A).
• Cannot have coverage under a spouse’s HRA or FSA.

Reminders

• Do not use your HSA card to pay at the time of service.
• Make sure your Member Responsibility on your EOB matches your invoice from your provider.
• If you have issues with your invoice, please contact IBC's Member Services (number found on your ID card).
• You can use your HSA to pay for eligible medical, dental, and vision services.
• You can pay for prescriptions at the point of service if you have a sufficient balance on your HSA debit card.

Please note: State laws differ. Contributions made to your HSA may not be deductible from state income taxes. A Health Savings Account is a tax-advantaged savings account that permits you to contribute funds on a pre-tax or tax deductible basis. These funds may be used to pay for current and future eligible medical expenses. This includes eligible medical and prescription drug expenses that apply to your deductible, coinsurance amounts after you have met your deductible, or any eligible dental or vision expenses.