Health Savings Accounts (HSA)

A Health Savings Account (HSA) is a tax-advantaged account that lets you save and pay for qualified medical expenses.

Health Savings Accounts (HSA)

What Is an HSA?

A Health Savings Account (HSA) is a personal savings account for healthcare expenses with triple tax advantages:

  • Contributions are tax-deductible

  • Funds grow tax-free

  • Withdrawals for qualified medical expenses are tax-free

  • Funds roll over year-to-year

  • Can be used for eligible medical expenses for yourself, your spouse, or dependents

  • Helps you plan for future healthcare costs, including retirement

An HSA is owned by YOU, not MPB Health.

How to Open an HSA

  1. Choose an HSA provider

    1. You have complete freedom to choose any bank or investment firm to open your HSA.

  2. Provide basic information

    1. If your HSA provider asks to verify eligibility, show them your MEC Card, which can be found in the MPB Health App.

  1. Fund your HSA

Contribute up to the annual IRS limit:

  • Individual: $4,400

  • Family: $8,750

  • 55+ : can make an additional $1,000 “catch-up” contribution

  1. Link your HSA to a debit card or payment method (if offered) to pay eligible medical expenses directly

What You Can Use an HSA For

HSAs can pay for a wide range of qualified medical expenses, including:

  • Doctor visits and co-pays

  • Prescription medications

  • Lab work and diagnostic tests

  • Dental and vision care

  • Certain medical equipment and supplies

  • Eligible medical expenses that count toward your Initial Unshareable Amount (IUA)

Always confirm with your HSA provider that an expense is qualified to avoid tax penalties.

Pairing an HSA with MPB Health:

Pairing an HSA with MPB Health delivers:

  • Lower fixed costs

  • A tax-advantaged way to fund your cash-pay medical expenses, including IUA responsibilities.

  • Long-term wealth benefits as unused HSA balances grow and remain available for future medical needs or retirement

Important Notes

  • HSAs are opened separately from your MPB Health membership

  • Eligibility depends on your membership: Secure HSA, Premium HSA, and MEC+Essentials memberships are HSA compatible

  • IRS rules define qualified expenses and contribution limits

For more information on HSA and eligible expenses, please visit: https://www.irs.gov/publications/p969

IMPORTANT NOTE: MPB Health cannot provide tax advice — please consult a tax professional regarding HSA contributions, withdrawals, and tax implications.

Questions?

Our MPB Health Concierge Team is available to help you understand if your membership includes HSA compatibility.

📞 Concierge: 1-800-519-2969

📧 Email: concierge@mympb.com

🌐 Member Portal: https://app.mpb.health/