What is a Health Savings Account (HSA)?

HSAs were created to help control healthcare costs. They provide a savings vehicle that allows you to set aside money to pay for higher deductibles associated with lower monthly premium High Deductible Health Plans (HDHP). The money you save in monthly insurance premiums may be set aside for eligible medical expenses you incur in the future.

How it works:

You choose the payroll deduction contributions up to the maximum allowed by the IRS. Your HSA balance remains in your account year to year earning interest along the way. The account is portable. Upon retirement or separation of service, you take the HSA with you because it’s your money and your account. When you want to access the funds, use your benefits card to pay your provider directly or simply request reimbursement or distribution on our online portal or mobile app. Be sure to keep receipts for all of your medical expenses, for which you received a reimbursement, for at least three years for tax-reporting purposes. See HSA flyer below for more details on who can participate.

HSAs Offer a Triple Tax Advantage
  • The money you put in to the account is deducted from your paycheck before tax
  • The interest and earnings you make on the account grow tax free
  • Distributions for eligible medical expenses are tax free
  • At age 65, you can withdraw your HSA funds for non-qualified expenses at any time, although they are subject to regular income tax. You can avoid paying taxes by continuing to use the funds for qualified medical expenses.
What are the key advantages of an HSA?
  • No end-of-year forfeiture of funds
  • Portable account
  • Provides an excellent savings vehicle for healthcare expenses
  • No monthly account fees.
  • Free eStatements when you opt in for electronic delivery

FFGA HSA Department

P: (866) 853-3539

F: (800) 298-7785

Online Wealthcare Portal

Claims Address:

First Financial Administrators, Inc.
Attn: HSA Department
PO Box 161968
Altamonte Springs, FL 32716

Minimum Health Insurance Plan Deductible Amounts for the Qualifying HDHP
  • 2024
  • Individual Coverage
  • Family Coverage
  • 2024
  • $1,600

  • $3,200
  • 2025
  • $1,650
  • $3,300
Annual Maximum Contribution Levels
  • 2024
  • Individual Coverage
  • Family Coverage
  • 2024
  • $4,150
  • $8,300
  • 2025
  • $4,300
  • $8,550

Catch up allowed for those 55 and over – $1,000

HSA Resources

Online Wealthcare Portal

Flexible Spending Account and Health Savings Account participants can log in to their online wealthcare portal to access account balances, check on claims, upload receipts and access other account details.  You can also register for an online account if you do not currently have access.

HSA Mobile App

FF Flex Mobile App

Managing your benefit accounts on-the-go is made easy with FF Mobile Account App. This powerful, intuitive mobile application gives you access to view your account balances, update your profile, submit a claim, and much more – right from your Android or Apple device.

HSA Features

  • Request distributions
  • Invest in HSA Fund
  • Make additional contributions
  • Pay a provider or pay yourself
  • Download tax forms

 

HSA Store & Eligibility List

The HSA Store is the only site that exclusively sells HSA-eligible products and services. The online marketplace offers more than 4,000 products and connects consumers to a national database of providers as well as an HSA Learning Center. Learn more >