Get the most out of your health care dollar with a YourWay Health Savings Account (HSA).
An HSA is a triple tax-advantaged savings account that helps you pay for qualified medical expenses. The funds are yours to spend forever — even if you retire, change jobs or change health plans.
How It Works
You are eligible to contribute to an HSA if you are enrolled in a qualified high deductible health plan and meet other Internal Revenue Service (IRS) eligibility requirements. You can easily contribute pre-tax dollars to an HSA by electing payroll deductions through your employer. The balance of a YourWay HSA is fully invested in one or more investment funds that you select from the YourWay HSA fund lineup, providing the potential for your HSA to grow tax-free through investment earnings.** Money in an HSA can be withdrawn tax-free to pay for health care expenses today, in the future, and even in retirement. Your HSA balance carries over year to year and is yours to keep and use forever–even if you are no longer eligible to make contributions to the HSA.
Tax Savings
An HSA provides triple tax savings.
This means that contributions are not taxed, any account growth through investments is not taxed, and withdrawals to pay for qualified medical expenses are tax-free. Additionally, directing funds to an HSA reduces your taxable income which could potentially reduce the amount of taxes taken out of your paychecks.
One Card for All Your Healthcare Costs
The YourWay Benefits Card is a fast and convenient way to pay for qualified medical expenses such as doctor visits and co-pays, prescription medications, over-the-counter medications and more.
All while saving up to 30% because you’re using pretax dollars.*
*Difference between gross income and net income assuming a 30% income tax rate.
THE ONEBRIDGE VISA® BENEFITS CARD IS ISSUED BY THE BANCORP BANK, N.A. PURSUANT TO A LICENSE FROM VISA U.S.A. INC. THE BANCORP BANK N.A.; MEMBER FDIC. CARD CAN BE USED FOR QUALIFIED EXPENSES WHEREVER VISA DEBIT CARDS ARE ACCEPTED. SEE CARDHOLDER AGREEMENT FOR DETAILS.
Every Dollar in Your HSA is Fully Invested
The balance of a YourWay HSA is fully invested in one or more investment funds that you select from the YourWay HSA fund lineup, providing the potential for your HSA to grow tax-free through investment earnings.** While invested, your HSA funds remain available for you to use at any time without having to transfer funds between investments and cash.
**HSA Investments are not FDIC insured, are not bank issued or guaranteed by HSA custodian or any subsidiaries, and are subject to risk including fluctuations in value and the possible loss of the principal amount invested. Neither the HSA custodian nor the investment manager guarantees HSA investments from loss or decline in value. For more information on investments, please refer to the Health Savings Account Custodial Agreement.