Contribute to an HSA to help pay for your health care expenses

Who’s Eligible for a Health Savings Account (HSA)

Those enrolled in the following High Deductible Health Plans (HDHPs):

  • Allstate Medical Savings Plan
  • Allstate Medical Value Plan
  • Kaiser Savings HMO
  • Kaiser Value HMO

You cannot make or receive HSA contributions if you’re enrolled in Medicare or TRICARE; or covered by any other health plan that is not an HDHP; or you’re claimed as a dependent on another individual’s tax form.

How Much You Can Contribute

2019 Internal Revenue Service (IRS) limits listed below

  • You Only: Up to $3,500
  • You + Spouse: Up to $7,000
  • You + Children: Up to $7,000
  • You + Family: Up to $7,000
  • Age 55+: Up to an additional $1,000

You can change your HSA contributions at any time of year (up to specified limits).

Please note that in some states, HSA contributions are not exempt from state income taxes (e.g., California).

Health Savings Account

Get more bang for your buck — your contributions to an HSA are tax-free.

Save anywhere from 15% to 40% on your health care expenses.

Depends on your tax bracket and the state in which you reside.

Flexible Spending Account

You’re also eligible to make Flexible Spending Account contributions through payroll deduction of up to $2,650 for the year. If you’re enrolled in any medical coverage option other than Blue Advantage HMO or Kaiser Hawaii HMO, the account is a Limited Use FSA, which can only be used for qualified dental and vision expenses. Learn more in the 2019 Flexible Spending Account Summary Plan Description.

Looking for more information? Download 2019 Medical Plan Overview

Get tips for choosing HSA/FSA contributions. Watch the video