Skip to main content
  • Contact us
  • Espanol
    • Doctor giving high-five to boy in corridor

    Health Savings Accounts (HSAs) for individuals

    See how you can save money on health care expenses and get exclusive discounts with CVS Health® on eligible health care items with a health savings account (HSA).

    What is an HSA?

    Female pharmacist discussing medication with senior customer

    What is an HSA?


    An HSA is an account that helps you save on qualified health care expenses with tax-free money. It goes hand in hand with a qualified high deductible health plan to help you plan, save and pay for your personal well-being.
     

    An HSA offers you many tax advantages: 
     

    • Money you put into an HSA can lower your taxable income.
    • Money you contribute to your account is tax-free.
    • Money you take out to pay for eligible health care expense is never taxed. 
    Read More Read Less

    Your HSA questions answered

    How do funds get into an HSA?

    You can contribute money to your HSA at any time as long as you are enrolled in a qualified high deductible health plan. If you have an individual HSA from PayFlex®, you can add money from a linked bank account or send in a check. If you have an employer-sponsored HSA from PayFlex, you may be able to have money from your paycheck deposited into your HSA. Your employer can also contribute.

    How much can I contribute?

    The IRS sets a limit on how much you can contribute each year. For 2021, it’s $3,600 for self-only coverage and $7,200 for family coverage. If you have an HSA through your employer, your spouse and adult children (up to age 26) can open an individual HSA through PayFlex. Spouses age 55+ can contribute $1,000 a year and adult children can contribute up to the family limit of $7,200.

    What can I pay for with an HSA?

    From cough medicine to prescription contact lenses to office visit copays and more, you might be surprised at all the expenses you can pay for with your HSA. 

    What happens to HSA funds at year end?

    The money in your HSA doesn’t disappear. It’s yours to keep, even if you change jobs or health plans. And it’s yours to use as you like — whether you choose to save or spend your funds.

     
    icon money

    The HSA advantage

    Find more information about HSA through PayFlex and explore the advantages.

     

    Legal notices

    Aetna is the brand name used for products and services provided by one or more of the Aetna group of companies, including Aetna Life Insurance Company and its affiliates (Aetna).

    Health benefits and health insurance plans contain exclusions and limitations.