Have you ever heard that HSAs are good for some people but not for others? This isn’t really true. HSAs and HSA-based plans are advantageous at almost every stage of life and for every medical need, especially when an individual educates herself about how HSAs work and how to take advantage of their long and short-term benefits.

Below is a fictitious example that has real-world application to millions of people.

How HSAs Benefit You at Every Stage of Life

Meet Jack.

Jack is a MotivHealth Insurance member who has health insurance and an HSA. He pays $300/month in premiums. He used to pay a lot more in premiums, so he puts those savings in his HSA, which comes out to $1,500/year into his HSA

Year 1-2: Healthy Jack

$3,000 Saved

Jack doesn’t have any major medical expenses for two years. He had several health screenings, and got his flu shot, but those were all covered 100% by insurance as preventive care. He’s saved a lot on premiums, and put those savings ($3,000) went into his HSA, to reduce his taxable income, and prepare for future medical expenses. Smart move, Jack!

Year 3: Jack Gets Hurt

What Happens?

Jack hurt his leg, and the medical bills came out to $2,000. He hadn’t met his deductible yet, so he used his HSA dollars to pay for it. With a traditional plan, Jack would have paid out of his bank account to reach his deductible, in addition to having paid higher premiums for two years. Instead, Jack still has more than $1,000 in his HSA when year 3 ends.

10 Years Later

Jack Needs Surgery

Jack needs an expensive surgery. He has been saving into his HSA for years, so he uses those funds to reach his max-out-of-pocket costs. With a traditional plan, he’d have no health savings to pay his deductible and coinsurance. And with an HSA-based plan, he’s saved more than $10,000 on premiums over ten years, and more when adding in the tax benefits. His HSA-based plan is better than a traditional plan. 

Steps Program Basics

Why Participate: So, you and your covered spouse can earn $1 for each day you walk 8,000 or more steps up to 20 days a month. All incentives earned this way are deposited into your HSA.

How to Participate: Create your MotivHealth member account. Sync an eligible device (Garmin, Fitbit, or Apple) and walk your way to $1 a day.

Who’s Eligible: You, the policy holder and a covered spouse.

Rx Program Basics

Why Participate: Spending $200 or more on prescriptions each month? We can help you eliminate or significantly lower your out-of-pocket costs.

How to Participate: Simply call one of our Prescription Benefit Analysts:
(385) 247-1030

Who’s Eligible: You, the policyholder and your covered dependents.

Prompt Pay Program Basics

Why Participate: Save between $250-$3,000 on out-of-pocket costs on planned medical procedures.

How to Participate: Simply call us before your scheduling your procedure, and we'll help you find a participating Prompt Pay facility / provider.

Who's Eligible: You, the policyholder and your covered dependents.

Price Transparency Tool Basics

Why Participate: Lower your out-of-pocket costs by empowering yourself to take charge of your healthcare.

How to Participate: Our Price Transparency Tool is accessed via your member portal. Simply create your account and click "Find Care."

Who's Eligible: You, the policyholder and your covered dependents with member accounts can access this tool.

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