Tax-Advantaged Accounts

A Health Savings Account (HSA) with Wex is a personal healthcare bank account used to pay for qualified medical expenses. You must be enrolled in the Healthy Savings Plan to participate.

• HSA-eligible HDHP - Enrolled in an HSA-eligible High Deductible Health Plan.
• No other health plan - Not covered by a spouse's, domestic partner's or parent's non-HDHP.
• No Healthcare FSA or HRA - Neither you nor your spouse/domestic partner has a Healthcare FSA or HRA.
• Not a tax dependent - Not eligible to be claimed as a dependent on someone else's tax return.
• No Medicare or TRICARE - Not enrolled in Medicare or TRICARE.
• No recent VA benefits - No VA medical benefits in the past 90 days for non-service-related care.

• Contributions above the IRS limits are not tax deductible and may face a 6% excise tax.
• Funds roll over year to year and the account is portable.
• No vesting or forfeiture - the funds are always yours.
• Non-qualified withdrawals before age 65 are taxed plus a 20% penalty.
• Eligible expenses include doctor visits, prescriptions, eye exams, OTC medicine, menstrual products and PPE.