Health Savings Accounts (HSA) are IRS-regulated benefits that allow members with high deductible plans to contribute pre-taxed funds to help pay for certain medical expenses.
PPO Plus HSA plans, like the Sana H and HD plans, require that you pay for services out of pocket until your deductible has been met — so it helps to have a pre-taxed fund to help cover expenses.
How do I set up my HSA?
Once you enroll in an H or HD plan through Sana, your employer will send you an email with information on how to get started with your HSA account. From there, the HSA provider will walk you through getting set up. Have your bank account info handy and your account number from your previous employer's HSA if you would like to transfer your previous contributions.
After you’ve entered all of your info online, you’ll get your debit card in the mail with a pamphlet explaining how to use your funds.
How do I track my funds?
Most HSA websites allow you to track contributions/spending at a glance.
Who is my HSA provider?
Sana is not an HSA provider, but we do partner with Lively as our preferred HSA partner. There’s a chance your employer chose a different provider. If you are unsure who your provider is, please contact your HR team.
How do I access my HSA?
If Lively is your provider, sign in to their website for more information. Otherwise, ask your HR team for more information.
What can I purchase with my HSA card?
To assist you, here is an alphabetized list of eligible HSA expenses provided by the IRS.
How do I use my HSA to pay for services, prescriptions, and medical supplies?
Use your HSA card just as you would a debit card to pay for out-of-pocket expenses. You can also pay for services normally and reimburse yourself through your HSA portal.
Can I use my HSA to pay for medical expenses for my spouse and dependents?
Yes! You can pay for qualifying expenses for your spouse and dependents, even if they aren't on your insurance plan.
Do funds roll over?
Yes. All funds contributed to an HSA will roll over to the next year and will never be lost, unlike an FSA which is "use it or lose it."
What are my contribution limits?
Max contributions for 2023 are $3,850 and $7,750 with a $1,000 catch up contribution for those 55+.