An easy, tax-advantaged way to pay for qualified medical expenses.
If you have a high-deductible health plan (HDHP), a Health Savings Account (HSA) is a tax-advantaged personal savings account that can help you save money on out-of-pocket medical expenses like doctor visits, vision and dental care, and prescriptions. The Truist HSA solution is administered by McGriff Insurance Services, LLC, and over time offers investment options that can help your money go even farther.
Why is an HSA a good fit?
See how an HSA works for you.
HSA funds can be used to pay for qualified medical expenses that aren’t reimbursed by insurance or otherwise reimbursed, including:
Once your balance reaches $2,000, you’ll have the opportunity to unlock investment options where you can develop your personalized HSA investment strategy for your HSA investment account, based on your own unique circumstances. Learn more about the options available to you by reviewing the materials below on the suite of mutual funds and the integrated HSA individual brokerage account (HSBA) offered by Charles Schwab.Disclosure 4
The annual maximum HSA contribution limit changes January 1 of each calendar year based on the consumer price index.
2023 annual contribution limits
2022 annual contribution limits
You can contribute to an HSA pre-tax to help cover current and future medical expenses—and you’re in charge of where that money goes.
Learn how to use your HSA in the way that works best for you.