Health Savings Account

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What is a health savings account (HSA)?

A health savings account*, or HSA, is a savings account that belongs to you and gives you more flexibility and control over your healthcare dollars. You can set aside money in your HSA to pay for qualified health expenses, which may have tax benefits for you. Your employer can also contribute to your HSA under certain arrangements.

HSAs are always paired with a qualified high-deductible health plan (HDHP), like BlueSaver or with eligible health plans like our Select Network options. That means you must sign up for a certain type of health insurance plan in order to be eligible to set up an HSA.

 Health Savings Account Health Savings Account = High-Deductible Health Plan (HDHP)HDHP & Eligible Health Plans

MySmart$averSM

If you are a high-deductible health plan or eligible health plan member, consider opening a MySmart$aver HSA administered by HealthEquity*. An HSA like MySmart$aver allows you to set aside money for qualified health expenses and also works directly with your high-deductible or eligible health plan benefits.

Start Saving with an HSA and get rewarded.

New HSA-eligible members who open a HSA and make an initial contribution of $25 or more may qualify for a one-time $25 contribution from HealthEquity**. This offer is only available to new HealthEquity HSA account holders who satisfy all promotional requirements. Learn more here.

 

Open an HSA Today

Save on premiums.

Eligible health plans and HDHPs offer the lowest premiums, enabling you to unlock immediate savings. Some of the money you will save on premiums can go into your HSA instead - as long as you follow a few guidelines.

 

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Traditional Plan

Higher monthly premiums

 

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High-Deductible or Eligible Health Plan    

Lower monthly premiums

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Health Savings Account

 

 

The money is yours.

All of the funds in your HSA, including any contributions your employer makes, is yours. It stays yours, even if you leave your job, leave your qualifying health plan or retire. In other words, an HSA is not a "use-it-or-lose-it" type of account. For this reason, many people use the HSA as an additional savings and investment account for retirement. 

Know your limits.

It is important to know how much you can contribute to your HSA. If you contribute too much in a calendar year, the extra funds could be taxed. Below are applicable contribution limits:

2027

Minimum annual deductible

Contribution limits

Out-of-pocket maximum

Single: $1,750 Single: $4,500 Single: $8,700
Family: $3,500 Family: $9,000 Family: $17,400

2026

Minimum annual deductible

Contribution limits

Out-of-pocket maximum

Single: $1,700 Single: $4,400 Single: $8,500
Family: $3,400 Family: $8,750 Family: $17,000

What are qualified medical expenses?

Visit HealthEquity's Qualified Medical Expenses Database to learn what qualifies. 

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Ambulance

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Dental

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Nursing

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Optometrist

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Drugs

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Transplant

Health Savings Account--Videos

What is an HSA

Everything to know about HSAs

How to maximize your HSA contributions

*HealthEquity, Inc. is an IRS authorized non-bank custodian of HSAs, and the preferred HSA custodian for eligible Louisiana Blue members enrolled in our high deductible health plans. Members who qualify may open an HSA with any HSA trustee or custodian and should seek guidance from a tax professional or financial advisor. See IRS Publication 969 for more about HSAs. Blue Cross and Blue Shield of Louisiana and HealthEquity are not engaged in rendering tax, legal or investment advice.

**The $25 contribution is a one-time promotional offer. Eligibility requirements apply. Only available to new HealthEquity HSA account holders who meet all promotional requirements. If you currently have active HDHP coverage: To receive the match, you must contribute $25 or more to your HSA within 180 days of opening the account and maintain a minimum balance of $25 and keep your account in good standing for at least 90 days after opening the account. If your HDHP coverage hasn’t started yet: You may qualify for HSA contributions on or after your plan’s effective date. To receive the match, you must contribute $25 or more no later than 180 days after your plan’s effective date and maintain a minimum balance of $25 and keep your account in good standing for 90 days after your plan’s effective date. For more information visit: www2.healthequity.com/partners/enrollment/lablue/.

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