A Health Savings Account is a tax-advantaged account which allows you to pay for your eligible out-of-pocket health care costs using pre-tax dollars – meaning you save money.

You’re offered a Health Savings Account – administered by Health Equity – if you select the Advantage Plan. You can use your account to pay for health expenses in the current plan year or roll it over for use in the future.

* There are some exceptions for state taxation, so it’s important to check how your state treats the HSA.

Highlights

• Your Health Savings Account belongs to you, the money in your account rolls over year after year. It stays with you, even if you leave RAI.
• Once your account reaches $1,000, you can start investing your Health Savings Account funds.
• You can use your Health Savings Account debit card to pay for eligible expenses.
• You’ll save $12 a year if you sign up for electronic statements from Health Equity.

Making the right choice
Last year 40% of the households who selected the Standard Plan would have saved on their total medical spend if they’d enrolled in the Advantage Plan and benefitted from lower monthly premiums and a Health Savings Account Start-up Contribution.

To learn more, take the time to explore our dedicated Health Savings Account section, using the tools and resources available to help you make an informed decision.