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Welcome to the HSA Experience

Get tips and resources on how you can benefit from using a Health Savings Account (HSA) with a high-deductible health plan (HDHP).

Check out the HSA educational webinar series

Find out how to get the maximum benefit from your account, from saving on taxes to planning for health care in retirement.

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New to high-deductible health plans (HDHPs) and Health Savings Accounts (HSAs)

Explore this interactive experience to learn more about HSAs and how they can help you save for health care expenses now and in the future.

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Top 5 benefits of an HSA

Click or tap each icon below to get more details about this important benefit.

Money iconWorks with an HDHP to save money on health care premiums
Tax iconTriple tax advantages1
Calendar iconNo use it or lose it rule2
Invest iconOpportunity to invest for your future3
Retire iconPrepare for health care in retirement
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Prepare for health care in retirement

Did you know that on average Medicare only pays about 68% of your health care expenses during retirement?4 While some people are planning to use their 401(k) to pay for health care in retirement, your HSA savings provides for tax-free withdrawals to pay for qualified health care expenses, allowing you to preserve your 401(k) savings for other retirement expenses.

Preparing for the future

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Who will pay for your health care in retirement?

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How others use their HSAs

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Watch to see how Ashley, who is just starting her career, plans to use her HSA.

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HSA calculator

HSA contribution limits


Watch to see how Rob manages health care costs for his family.

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Should I spend or save my HSA?

Video: HSA investing

HSA contribution limits

HSA calculator


Watch to see how Leigh is planning for health care as she nears retirement.

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Health care in retirement: Watch on-demand seminar

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HSA contribution limits

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1 Potential Tax Advantages: You can receive tax-free distributions from your HSA to pay or be reimbursed for qualified medical expenses you incur after you establish the HSA. If you receive distributions for other reasons, the amount you withdraw will be subject to income tax and may be subject to an additional 20% tax, unless an exception applies. Any interest or earnings on the assets in the account are federal income tax-free. You may be able to claim a tax deduction for contributions you, or someone other than your employer, make to your HSA directly (not through payroll deductions). In addition, HSA contributions may reduce your state income taxes in certain states. Certain limits may apply to employees who are considered highly compensated key employees. Bank of America recommends you contact qualified tax or legal counsel before establishing an HSA.

2 “Never Lose it” refers to account portability and annual rollover of accumulated assets; it does not imply you cannot lose money. The investment portion of the HSA account is not FDIC insured, not bank guaranteed and may lose value.

3 Investing involves risk. There is always the potential of losing money when you invest in securities. Please consult with your independent attorney, tax advisor and financial advisor for final recommendations before changing or implementing any financial strategy.

4 Medpac, July 2020 Data Book: Health Care Spending and the Medicare Program. Total spending on health care services for noninstitutionalized fee-for-service Medicare beneficiaries.