Skip to content

Health Savings Account (HSA)

Back to the Benefits Hub

If you enroll in the Anthem Standard HDHP, you may be eligible to open and fund a health savings account (HSA) through WealthCare.

An HSA is a savings account that you can use to pay out-of-pocket health care expenses with pre-tax dollars.

A WealthCare HSA account will automatically be opened if you enroll in the Anthem Standard HDHP.

Learn More about HSA

2024 IRS HSA Contribution Maximums

Contributions to an HSA cannot exceed the IRS allowed annual maximums.

  • Individuals: $4,150

  • All other coverage levels: $8,300

If you are age 55+ by Dec. 31, 2024, you may contribute an additional $1,000.

HSA Eligibility

You are eligible to fund an HSA if:

  • You are enrolled in the Anthem Standard HDHP.

You are NOT eligible to fund an HSA if:

  • You are covered by a non-HSA eligible medical plan, health care FSA, or health reimbursement arrangement.

  • You are eligible to be claimed as a dependent on someone else’s tax return.

  • You are enrolled in Medicare, TRICARE, or TRICARE for Life.

Refer to IRS Publication 969 for additional eligibility details. If you are over age 65, please contact the Benefits Department.

Maximize your tax savings with an HSA


Pay for eligible expenses such as deductibles, dental and vision exams, menstrual care products, and prescriptions.


Roll over funds every year to boost your long-term savings. Even if you switch health plans or jobs, the money is yours to keep.


Invest and grow HSA funds tax free—including interest and investment earnings. After age 65, spend HSA dollars on any expense penalty free.