Health Savings Account
Take control of your healthcare spending. Contribute pre-tax dollars for current and future medical expenses. Contact Us to Learn MoreThe ANBTX Health Savings Account, or HSA, is a tax-advantaged personal savings account designed to help you pay for current and future healthcare expenses. It is designed for those with HSA-qualified health plans (usually high-deductible health plans) to help save money on many out-of-pocket medical expenses––like doctors office visits, vision care, dental care, and prescriptions.
Features at a glance
Plus benefits that include
Applying is fast and easy! Gather the following information and we’ll have you ready to go in no time.
Knowledge articles are provided as a courtesy. ANBTX does not provide, and is not responsible for the product, service, or overall content.
Contributions
For an eligible individual this is covered by the HDHP for the entire calendar year. The 2020 maximum annual contribution is the deductible amount (excluding any out-of-network deductible) not to exceed:
In future years, these amounts will be adjusted for cost-of-living increases in increments of $50.
Catch-up Contributions
Eligible individuals, who are age 55 or older, may make HSA catch-up contributions up to $1,000 per year.
Out-of-pocket Spending on HSA Compatible High Deductible Health Plans (HDHPs)
The maximum 2020 annual out-of-pocket amounts for HDHP self-coverage is:
Minimum Deductible Amounts for HSA Compatible High Deductible Health Plans (HDHPs)
The minimum 2020 deductible for HDHP self-coverage is:
