What is a Health Savings Account?

A health savings account (HSA) is a plan designed to help you manage the rising costs of health care by allowing you to set aside money to pay for out-of-pocket medical expenses and to save for retirement. You can think of it as a personal savings account for medical expenses – unused funds will earn interest until they are withdrawn at retirement.

You set aside money on a pre-tax basis – this means as long as you use the money for qualified expenses, you won’t pay income taxes on it. View a list of qualified medical expenses or use our Election Worksheet to estimate your health care costs.  

If you're married, it can be difficult to determine the amount you are allowed to contribute to an HSA. Click here to download a guide on how much you can contribute depending on how you and your spouse are covered.


Increase Your Take-Home Pay

In the example below, Jane estimates she will spend at least $2,300 on medical expenses for herself and her dependents next year. She decides to set aside $2,300 in her Surency AdvantagePlus HSA. Here's how she can save:

HSA Store Introduction

How Does it Work?

Participating in a Surency AdvantagePlus HSA is easy.

1.    Once you've enrolled and set your annual election amount, that amount will be automatically taken out of your paychecks in equal increments throughout the year before you pay federal, state and FICA taxes on that amount of income.  Or, you may write a check to be deposited into your HSA.

2.    When you are ready to use the money in your HSA for a qualified medical expense, just swipe your Surency AdvantagePlus Benefits Card. If you don't have a Surency AdvantagePlus Benefits Card, or you prefer to pay upfront then be reimbursed, you can file a claim electronically from the Member Login and you will be reimbursed with money from your HSA, as long as you have funds available.

3.    Any unused funds in your HSA will roll over at the end of the year and will continue to earn interest until they are withdrawn for medical expenses or until you turn 65 years old, when you can withdraw funds for any reason without incurring penalties.


Surency offers consumer-defined investment sweeps for our HSA members. This feature allows you to increase the balance maintained in your Cash Account to whatever level works best for you. More cash means more dollars available immediately to pay medical expenses online or by using your Surency AdvantagePlus Benefits Card. Learn more about consumer-defined investment sweeps.


How to Use the Member Login.

Managing your Surency AdvantagePlus HSA through the Member Login is easy


More Questions?

Visit our Frequently Asked Questions page for answers.  



The savings amounts in the example above are provided by Surency for illustrative purposes only. You may save more or less based on your own tax situation. Some states do not recognize these tax exclusions for this program. No part of this website is tax, financial or legal advice. You should consult your own legal and tax advisers regarding your personal situation and whether this is the right program for you.