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How a Health Savings Account (HSA) Works

See for yourself what an HSA can do for you!


Hi, I’m David from Aetna, and here with me to talk about Aetna’s Health Savings Account is my good friend... HSA Man.

Aetna’s HSA* is a powerful ally for your health – protecting you with the same in-network medical coverage you’re used to, but with the additional assistance of a Health Savings Account – an HSA. The HSA is paired with a high deductible health benefits and insurance plan, and you can use this account to pay for qualified medical expenses that you’d otherwise be paying out of pocket. Your employer may or may not contribute to your HSA, but you can always contribute to it yourself – tax free. This means that on Tax Day, you’ll pay less.

This is Maggie. Maggie’s employer also offers an HSA plan. Now, her deductible is a bit higher than she’s used to, but she pays a lower monthly premium AND she contributes money into her HSA directly from her paycheck – which helps cover some of her medical expenses before her insurance coverage kicks in. And again, these HSA contributions are tax-free. Yup, because Maggie has an HSA, she actually pays less in taxes.

If she gets an annual physical or any other kind of preventive care, those services are covered at 100%. Maggie won’t pay anything, not even from her HSA. She’ll use her HSA to pay for other medical expenses – like specialist visits, prescriptions, and so on – oh yeah, and her medical spending is tax free, too! But let’s say she doesn’t use all the money in her HSA by the end of the year. That’s okay – the HSA is designed to be flexible. Money in an HSA rolls over from year to year and actually earns interest– so she can use it for medical expenses or save it as a nest egg for unforeseen medical emergencies. Maggie can even use her HSA to save for retirement.

And get this – over time, if her HSA hits a certain amount, she might even be able to invest that money. Earnings from her investments will be tax free as well.

Also, if Maggie leaves her company, her HSA goes with her – it’s her money to keep.

Aetna is here to support Maggie with helpful tools on her Aetna Navigator website. To get started, she uses the HSA Savings Calculator to figure out how much she can contribute to her HSA and how much it will grow over time, and what kind of tax savings she can expect.

She can also track her HSA account balance, download statements and track her expenses. But that’s not all...

Aetna Navigator’s DocFind helped Maggie find an in-network doctor who’s really into regular check-ups, healthy eating, and... rollerblading. When the doc asked for Maggie’s health history, getting that info was easy – Maggie just pulled up her health history report in Navigator, downloaded it, and brought it to her doctor’s office.

And when she needed an x-ray to make sure she didn’t break an ankle after rollerblading with her dog...

Maggie was able to compare the estimated costs of this procedure using the Member Payment Estimator. It uses her real-time plan information to estimate how much she will owe.

Oh and did I mention that Maggie did some of this from her iPhone? Yeah, Aetna’s got a mobile app too.

So... think of Aetna’s HSA plan and Aetna Navigator as your own personal dynamic duo of health insurance...

Giving you flexibility, control over your health care choices, and peace of mind.

Contact your employer for more info on HSA plans.

*HSAs are currently not available to HMO members in California and Illinois.

Health benefits and health insurance plans are offered and/or underwritten by Aetna Health Inc., Aetna Health Insurance Company of New York, Aetna Health Insurance Company and/or Aetna Life Insurance Company (Aetna). In Florida by Aetna Health Inc. and/or Aetna Life Insurance Company.  In Maryland by Aetna Health Inc., 151 Farmington Avenue, Hartford, CT 06156. Each insurer has sole financial responsibility for its own products.

This material is for information only. Providers are independent contractors and are not agents of Aetna. Provider participation may change without notice. Aetna does not provide care or guarantee access to health services. Health benefits and health insurance plans contain exclusions and limitations. Investment products and solutions will be offered by an independent third party financial institution. Not all health services are covered. See plan documents for a complete description of benefits, exclusions, limitations and conditions of coverage. Plan features and availability may vary by location and are subject to change. Information is believed to be accurate as of the production date; however, it is subject to change. For more information about Aetna plans, refer to

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