Plan Well HSA
Money that can sit, stay and rollover.
Dean Health Plan has introduced Plan Well HSA™ to our extensive product offerings.
A Health Savings Account (HSA) is an individually owned, tax-advantaged account used to pay and save for current/future medical expenses.
The money placed into Plan Well HSA™ belongs to the account holder, no matter who deposited it. Don't worry, there’s no “use it or lose it” rule either. Rest assured the money can sit, stay and rollover until it is spent.
Who says old money can't learn new tricks?
Plan Well HSA account holders get a triple tax savings!
Acupuncture to X-rays and nearly everything in between
Money from Plan Well HSAs can be used to pay for a number of qualified medical expenses. This includes doctor’s visits, prescriptions, dental and vision care for you, as well as your spouse and dependents. Visit irs.gov for a complete listing of qualified medical expenses.
Funding with flexibility and freedom
With Plan Well HSA™ deposits can be made by anyone. Whether funds are directly deposited from you, your employer, their spouse or a neighbor across the street. Everyone has a chance to throw their two cents in.
Plan Well for retirement readiness
Saving for retirement is a topic that many of us think about. Unfortunately, many people aren't confident they will have enough for a comfortable retirement, let alone cover increasing health care costs. SSM Health Plan Well HSAs offer a way to save and grow funds in an account that can age right alongside you.
Spend now or spend later - you decide
There is no rush to use or lose the funds in a Plan Well HSA™ — giving you the decision to spend your savings when it is best for you. Funds from Plan Well HSAs can pay for qualified medical expenses for you, your spouse and your tax dependents. It's your money to use freely on yourself and your family when you want.
You can earn interest and build up savings over time – funds can be ultimately used in your retirement. Giving you the decision to spend your savings when it is best for you.
Contact a Dean Health Plan Sales Representative for more information about this offering.
Health savings accounts (HSAs) are individual accounts offered or administered by Optum Bank®, Member FDIC, and are subject to eligibility and restrictions, including but not limited to restrictions on distributions for qualified medical expenses set forth in section 213(d) of the Internal Revenue Code. State taxes may apply. Fees may reduce earnings on account. This communication is not intended as legal or tax advice. Please contact a competent legal or tax professional for personal advice on eligibility, tax treatment and restrictions. Federal and state laws and regulations are subject to change.