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How the Health Savings Account (HSA) Works
A HSA is like a personal savings account for healthcare, except it's all tax-free. You may participate as long as you and your spouse are not covered by Medicare or other medical coverage. Here's how it works if you enroll in a Health Investor Medical Plan and the HSA the State offers and participate for the entire calendar year:
| For someone participating in a HSA for full year... | |
| You may contribute* | |
| Individual Coverage | ...up to $1,250/year tax-free |
| Family Coverage | ...up to $2,500/year tax-free |
|
HSA Enrollment Required When you sign up for a Health Investor PPO or HMO, you still have to enroll in a Health Savings Account and complete any steps to activate your account . See How to Enroll for what you need to do. |
*Total contributions for both the individual and family plans are the same as the deductibles for each Health Investor

