Triple Tax Advantage

Health Savings Account (HSA)

Set aside pre-tax dollars for qualified medical expenses — reducing your taxable income while building a health-care safety net that rolls over every year.

2026 limit — individual

$4,300

IRS annual contribution limit

2026 limit — family

$8,550

IRS annual contribution limit

HSA APY

4.75%

Compounded daily, no minimum

Rollover policy

Forever

No “use it or lose it” rule

The Triple Tax Advantage

1

Tax-Deductible Contributions

Every dollar you contribute to your HSA reduces your taxable income dollar-for-dollar — whether you itemize deductions or take the standard deduction. Payroll contributions are also exempt from FICA taxes.

2

Tax-Free Growth

Interest and any investment earnings in your HSA grow completely free of federal income tax. The longer your balance sits untouched, the more powerful this compounding becomes over time.

3

Tax-Free Withdrawals

Withdrawals used for qualified medical expenses are entirely tax-free at any age — including copays, prescriptions, dental, vision, and hundreds of other eligible expenses.

HSA vs. Flexible Spending Account (FSA)
Feature HSA (Nexane-Finance) FSA (Employer Plan)
Funds roll over year to year✓ Yes — 100% rollover✕ No — “use it or lose it”*
Portable (move with you)✓ Yes — owned by you✕ No — owned by employer
Interest earned✓ Yes — 4.75% APY✕ No interest
Requires HDHP enrollment✓ Yes (to contribute)✕ No requirement
Funds available immediatelyAs deposited✓ Full annual amount upfront
Retirement savings potential✓ Yes — after age 65✕ No
Investment options✓ Available above threshold✕ No

*Some FSA plans offer a limited carryover or grace period — check with your employer.

Qualified Medical Expenses (Examples)

🏥 Doctor & Hospital

  • Office visit copays & deductibles
  • Specialist consultations
  • Emergency room care
  • Ambulance services
  • Lab tests and imaging

💊 Prescriptions & OTC

  • Prescription medications
  • Insulin and diabetic supplies
  • Over-the-counter medications
  • Feminine hygiene products
  • First aid supplies

🦷 Dental & Vision

  • Dental cleanings & fillings
  • Orthodontics (braces)
  • Eyeglasses & contact lenses
  • LASIK or vision correction
  • Eye exams

🧡 Mental Health & Other

  • Therapy & counseling sessions
  • Psychiatric care
  • Medical equipment (CPAP, wheelchair)
  • Long-term care premiums
  • Chiropractic care
Eligibility Requirements
  • ✓ You must be enrolled in a qualifying High-Deductible Health Plan (HDHP) to make contributions. For 2026, the IRS minimum HDHP deductible is $1,650 (individual) or $3,300 (family).
  • ✓ You must not be enrolled in Medicare or Medicaid at the time of contribution.
  • ✓ You cannot be claimed as a dependent on another person’s tax return.
  • ✓ Age 55 or older? You qualify for an additional $1,000 catch-up contribution per year.
  • ✓ After age 65, you may use HSA funds for any purpose — non-medical withdrawals are subject to ordinary income tax only (no penalty).
Features of Your Nexane-Finance HSA
  • ✓ No monthly fees and no minimum balance required to open
  • ✓ Dedicated Nexane-Finance HSA debit card for direct payment at point of care
  • ✓ Mobile and online access — view balance, transactions, and contribution year-to-date
  • ✓ Year-end IRS Form 1099-SA (distributions) and 5498-SA (contributions) provided
  • ✓ NCUA insured up to $250,000 separately from other accounts
  • ✓ Account is fully yours — it moves with you even if you change employers or health plans
Eligibility notice: You may only contribute to an HSA if you are currently enrolled in a qualifying High-Deductible Health Plan (HDHP). You may still use and manage existing HSA funds if you lose HDHP eligibility, but you may not make new contributions. Nexane-Finance does not provide tax or medical advice — consult a qualified tax professional for guidance specific to your situation.
Open an HSA