Health Savings Account

For when health is really wealth

Save more on the health services you need.

Save

Pay for medical expenses

Spend

Tax-free distributions

FLEXIBILE

Unused money rolls over

Health care savings made simple

A Health Savings Account (HSA) is a tax-advantaged way to save and pay for qualified out-of-pocket medical expenses for you, your spouse and your dependents. Plus, your unused funds will stay in your account for future use!

Looking for the best Health Savings Account? We’ve got you.

Woman at the doctors office using her HSA account to pay for expenses.

To enjoy Health Savings Account benefits, an HSA owner must:

Be a Civic member
Be covered under a High Deductible Health Plan (HDHP), and not covered by any other major health plan or enrolled in Medicare
Not be eligible to be claimed as a dependent on another person’s tax return

Older gentleman jogging in the park while listening to music.

No minimum deposit required
Rollovers are not subject to the annual contribution limits; however, you can make only one rollover within a 12-month period
To qualify as a rollover and avoid a tax penalty, withdrawn funds must be re-deposited within 60 calendar days
Move all or any portions of the funds directly to another HSA tax-free
Transfers are from custodian to custodian, so there are no tax penalties

Mother and toddle visiting the doctors for annual checkup.

Save on qualified medical expenses for you, your spouse and your dependents
Tax-deductible contributions and tax-free distributions for qualified medical expenses
Unused funds will stay in your account for future use
Get an HSA debit card
Member is responsible for card usage, Civic does not monitor purchases made on your HSA card for eligibility

Couple on the tennis court playing pickle ball.

What is a High Deductible Health Plan (HDHP)?

An HDHP is a medical insurance plan with a minimum annual deductible and a maximum out-of-pocket expense cap. With an HDHP, you may pay a lower monthly premium but have a higher deductible (meaning you pay for more of your health care items and services before the insurance plan pays).

Deductible and out-of-pocket expense limits may be adjusted annually to account for cost-of-living increases.

HDHP Minimum Annual Deductible

Year	Single Coverage	Family Coverage
2024	$1,600	$3,200
2023	$1,500	$3,000

Maximum Out-of-Pocket Expense Cap

Year	Single Coverage	Family Coverage
2024	$8,050	$16,100
2023	$7,500	$15,000

What is a qualified HSA distribution?

You can use your HSA to pay for doctor visits, prescription drugs or over-the-counter medicines prescribed by a doctor for you, your spouse and your dependents. Be sure to use your HSA debit card for eligible purchases. For a complete list of qualified HSA distributions, visit the IRS website to view Publication 969 and Publication 502.

HSAs can have tax consequences for nonqualified distributions. Civic does not monitor purchases made on your HSA card for eligibility. Consult a tax or financial advisor for additional information.

Woman call in a prescription refill using her Civic HSA account.

HSA contribution limits

Health savings account contribution limits are based on your plan type. Contributions for the current year can be made until April 15 of the following year.

If you’re age 55 or older by the end of the tax year, you can increase your contribution limit by another $1,000 a year. This extra amount is the catch-up contribution allowed for HSAs. Contribution limits are indexed for inflation and can change annually.