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What Is a Health Savings Account (HSA)?

A Smart Way to Save

A Health Savings Account (HSA)—available only to UC Health Savings Plan (HSP) members—is a personal savings account designed to help you lower your out-of-pocket health care costs. The HSA lets you pay for out-of-pocket health care expenses with tax-free dollars. You can use the money in your account for qualified medical, behavioral health, dental and vision expenses (for you and your dependents)—now or in the future.

Examples of what you can use your HSA to pay for include:

  • Deductibles
  • Coinsurance
  • Prescription drugs
  • Over-the-counter medications without a prescription
  • Menstrual products
  • Acupuncture and chiropractic services

View eligible expenses.

Also, UC contributes to your HSA every year—$500 for individual coverage and $1,000 for family coverage. And unlike a Flexible Spending Account (FSA), the funds UC and you contribute to your HSA are yours to keep forever, even if you leave UC.

Learn More

Get all the details about how your HSA works from HealthEquity.