What’s a Health Savings Account?

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.

Benefits

Why is an HSA a good fit?

  • Make tax-deductible contributions, up to the annual contribution limit.
  • Pay for qualified medical expenses with tax-free withdrawals.
  • Enjoy the convenience of Truist Benefits Access debit card.
  • Carry over funds in your HSA from year to year.
  • Keep your HSA even if you change jobs.

More control? You've got it.

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.

Eligibility

To be eligible for an HSA, you must be covered by an HDHPfootnoteDisclosure 2. For 2025, generally, an HDHP is a health plan with these features:

  • A deductible of at least $1,650 for single coverage and at least $3,300 for family coverage
  • A maximum annual out-of-pocket expense limit for allowed costs not exceeding $8,300 for single coverage and $16,600 for family coverage

Also, you must not be:

  • Covered by any other health plan other than another HDHP (with limited exceptions)
  • Eligible to be claimed as a dependent on another person's tax returnfootnoteDisclosure 3
  • Enrolled in Medicare

Have additional questions?

Contact us at 877-753-4930 between 8 am and 8 pm EST Monday through Friday.