When enrolling in the Anthem plan you will have access to a Health Savings Account (HSA), that works with your health plan and helps you get the most out of your healthcare dollars. An HSA is an individually owned account, set up in your name, that helps you pay your out-of-pocket healthcare costs with pre-tax dollars, save on taxes, and/or save for the future. If you enroll in the health plan, Relias will contribute to your HSA across the plan year.  A portion of the Company contribution will be deposited at the beginning of the year, so it will be available for you to use right away.

You can use the funds for qualified health care expenses when you need it—in an emergency, when money is tight, or in retirement. You’re in control—you choose how much to contribute and when and how you want to use your money.

Why contributing to the HSA is so important

Many people are concerned about paying for health care expenses in retirement, and an HSA can help. This account lets you save and invest tax-free money that you can use for future health care needs.
Why start making contributions?

Relias wants to help you start saving. If you enroll in the Anthem plan, we’ll contribute $500 for single coverage or $1,000 for family coverage to your HSA. These funds will be contributed at the beginning of the year or the month you become benefits eligible AND monthly over the plan year. You’re your coverage begins, Relias will contribute $230 or $460 towards your HSA – this amount will be prorated after January. Then you will receive the remainder of the total contribution throughout the year in monthly increments. Check out the chart below for a further breakdown. Should you have expenses that exceed your HSA balance, you would need to pay any cost out-of-pocket, keep your receipts, and reimburse yourself once you have sufficient funds in your account. As a reminder, for those covered by the Anthem plan for less than the full calendar year, Relias’ HSA contributions will be pro-rated.
If you are benefits eligible on January 1st…

If you are hired mid-year and become benefits eligible July 1st…

And another thing…your savings roll over year to year. There’s no “use it or lose” rule with HSAs like there is with flexible spending accounts (FSAs)—your HSA balance carries over from year to year.

You own your money. Your HSA is yours to keep, whether you change medical plans, retire, or leave Relias. You keep not only your contributions, but Relias’ contributions, too. So, you decide how to spend your HSA dollars. You can use them for current health care expenses or let them build up for future medical expenses—the choice is yours.

Remember: You can only contribute to an HSA when you enroll in the Anthem plan. You cannot be enrolled in an HSA if you are enrolled in another HSA, enrolled in Medicare, or claimed as a dependent on another medical plan.
A unique, tax-advantaged savings account

HSAs are different than FSAs. In addition to funds rolling over from year to year, the money in your HSA earns tax-free interest. Plus, with an HSA, the allowed maximum annual contribution is higher than a traditional FSA. For 2025, the HSA maximum is $4,300 for single coverage and $8,550 for family coverage.

Triple tax advantages

There are many benefits to opening an HSA, but these are the top three, tax-advantaged benefits:

1. No tax on deposits. Your payroll contributions go into your account before federal taxes are withheld, lowering your taxable income.
2. No tax on earnings. Interest and investment earnings grow tax-free, unlike with a traditional IRA where investment earnings are taxed.
3. No tax on withdrawals. The money you withdraw to pay for eligible health care expenses—today, tomorrow, or anytime in the future—is not subject to taxes.

Tax treatment of an HSA

Contributions to your HSA are exempt from Federal income tax. However, some states, including California, tax HSA funds.
Save and spend—today or tomorrow

In addition to Relias’ contribution to your HSA, you choose how much, if anything, you’d like to save in your HSA each year. Pre-tax contributions are automatically made from your paycheck to your account. Another option is to contribute to the account for the current tax year in lump-sum amounts—either through electronic fund transfers or personal checks until April 15 of the following year (the same day you file your taxes).

You choose how and when you want to use your HSA funds for qualified medical, dental, vision and prescription drug expenses for yourself and your eligible dependents. And, you can change your contribution amount—or stop contributing altogether—at any time. The Company will make its contribution to your account even if you decide not to contribute.

1. Spend it—Use your issued debit card, receive a reimbursement for out-of-pocket expenses, or use online bill pay to pay for qualified expenses, or
2. Save it—Save your HSA funds in an interest-bearing bank account for future year’s health-related expenses, or
3. Grow it—Choose how to invest your account balance of $1,000 or more in one of the available investment options, similar to a 401(k) plan. However, unlike a 401(k) plan, you will not be automatically defaulted to an investment option, so it’s up to you to choose how to invest your funds.

Maximum Contributions

* Per IRS regulations, this maximum includes any Relias contributions and To Health With It contributions.
What you can use it for

You can use HSA funds to pay for qualified health care expenses that are not covered by insurance. Basically, any medical, dental, or vision expense that you could deduct on your tax return can be paid from your HSA. Examples:

• Deductibles
• Coinsurance
• Prescription drugs
• Dental and vision expenses

You can use HSA funds to pay for qualified health care expenses for yourself and your dependents who qualify as IRS dependents for federal income tax purposes (whether they’re enrolled in the HDHP Premium plan, HDHP Standard plan, or neither).

IRS: Health Savings Account Eligible Expenses

Check out these videos to learn more about spending, saving, and growing your HSA!

Winning with an HSA
Saving the day with an HSA
Add new horsepower to your financial plan
Save now, cash in later
Balance Booster
Investing your HSA