Health Savings Accounts (HSAs)
Blue Healthcare BankSM
The Easiest Way to Build Savings for Health-Related Expenses.
Although you can choose any Bank that offers HSA accounts, Blue Cross and Blue Shield of Texas works with Blue Healthcare Bank, helping make the most of your health, money and time by giving you the tools you need to simplify your healthcare financial decisions.
With your Blue Edge Individual HSA health plan and Blue Healthcare Bank account, you enjoy the advantages of:
- Our most comprehensive and competively priced health plans.
- Increased control and management of your health care expenses.
- A wide variety of mutual fund investments.
- The option of paying for qualified medical expenses with debit card, manual request or online bill pay.
- Competitive interest rates and fee schedules.
HSA Eligibility
In order to participate in an HSA, individuals must meet the following requirements:
- Be covered by a qualified High-Deductible Health Plan (HDHP).
- Not be covered under another health insurance plan.(Individuals with limited benefit policies, including dental, vision and worker’s compensation, may still be eligible for an HSA.)
- Not be enrolled in Medicare.
- Not be claimed as a dependent on another person’s tax return.
- Not have funds in a Flexible Spending Account (FSA) at the end of the plan year; or if funds are in an FSA at the end of the plan year, the individual can make a one-time transfer of the entire FSA funds to the HSA during the FSA grace period.
Download the Blue Healthcare Bank Sales Pack (PDF) for information about setting up an HSA account, rates, fee schedules and more, or visit Blue Healthcare Bank.
