Health Savings Account

The Health Savings Account (HSA) is an individually owned account that lets you set aside money on a pretax basis (which lowers your taxable income) to pay for qualified medical, dental and vision expenses.

You can use the funds in an HSA at any time to pay for qualified medical expenses, or you can save the money for future expenses. You own the account and the money is yours to use now or save and grow. The money rolls over from year to year and you never lose or forfeit the balance.

You may open and contribute to an HSA only if you are enrolled in a qualified High Deductible Health Plan (HDHP) and meet other qualifications.

Repario will match up to 50% of every employee dollar contributed to an HSA, up to $25 per pay period for a maximum $600 per year. As you make your contribution election, please be sure to consider this amount, as
the IRS limits are total household limits.