Health Spending Account (HSA)
If you enroll in the High Deductible Health Plan (HDHP), chances are you are eligible to open a Health Savings Account (HSA).
As of 2/1/2026, Liaison offers an HSA administered by Medcom.
An HSA is a personal savings account which you can use to pay qualified out-of-pocket medical expenses with pre-tax dollars. You own and control the money in your HSA. The money in your account (including interest and investment earnings) grows tax-free and, as long as the funds are used to pay for qualified medical expenses, they are spent tax-free.
Unlike a Flexible Spending Account, there is no “use-it-or-lose-it” rule—you do not lose your money if you don’t spend it in the calendar year and there are no vesting requirements or forfeiture provisions. The account will automatically rollover year after year. Since it is an individual account, if you change health plans or jobs, the balance is yours to keep.
Access Your HSA Account HERE
The HSA is not for everyone. You’re eligible only if you are:
- Are enrolled in an HSA-eligible HDHP
- Are not covered by other non-HDHP, such as your spouse’s health plan, Health Care Flexible Spending Account, or Health Reimbursement Arrangement
- Are not eligible to be claimed as a dependent on someone else’s tax return
- Are not eligible for Medicare or TRICARE
- Have not received Veterans Administration benefits.
A Health Savings Account (HSA) is an easy way to pay for healthcare expenses that you have today and save for expenses you may have in the future.
How the High Deductible Health Plan with HSA works
Your HSA account is set up automatically after you enroll.
Employees age 55 and older are allowed to make an additional annual “catch-up” contribution of up to $1,000.
Optimizing Your HSA
If enrolled in the HSA Medical Plan, you may be able to benefit from one of the best tax breaks available: the health savings account (HSA).
It pays to find out whether you’re eligible to contribute to an HSA and the three ways to maximize its “triple tax benefits."
- Contributions reduce your taxable income without having to itemize deductions.
- Growth of the account is tax-deferred.
- Distributions for qualified medical expenses—for you and your family—are tax-free.
The funds in an HSA are not “use-it-or-lose-it.” They roll over from year to year, and the account is yours even if you change employers or health plans.
Four reasons to love an HSA
01
Tax-free. No federal tax on contributions, or state tax in most states. Withdrawals are also tax-free as long as they’re for eligible healthcare expenses.
02
No “use it or lose it.” Your balance rolls over from year to year. You own the account and can continue to use it even if you change medical plans or leave the company.
03
Use it now or later. Use your HSA for healthcare expenses you have today or save it to use in the future.
04
Boosts retirement savings. After you retire, you can use your HSA for healthcare expenses tax-free, or for regular living expenses, taxable but no penalties.