Health Savings Account (HSA)

BlueEdge^SM HSA Health Plan

What is a Health Savings Account?

A Health Savings Account (HSA) is a tax-favored bank account that is used in combination with a high deductible health insurance plan such as Blue Cross and Blue Shield of Illinois' BlueEdge^SM. The money you put into your health savings account helps pay the annual deductible, as well as any other qualified medical expenses (including coinsurance) that may not be covered by your health plan after you meet your deductible.

Tax Savings

With a Health Savings Account, you enjoy the advantages of:

Choice: You select the HSA Bank.
Pre-tax contributions¹: lower your taxable income.
Tax-free growth: earn interest and build tax-free savings. Unused funds roll over from one year to the next.
Tax-free withdrawals: when used for qualified medical expenses.
Retirement income: funds can be withdrawn for any purpose without penalty after reaching age 65 (taxes may apply).
Portability: your HSA bank account stays with you, even if you change employers.
Investment flexibility: most HSA banks offer a variety of investment options including stocks, bonds, mutual funds and money market funds.

Our BlueEdge^SM Individual HSA or BlueEdge^SM Individual HSA 5000 plans are priced among the lowest of our major medical health insurance plans, while still covering the same health care services most of our competitors cover.

View BlueEdge^SM HSA Outline of Coverage
View BlueEdge^SM HSA 5000 Outline of Coverage
Learn more about HSA Bank Options

1 Health Savings Accounts (HSA) have tax and legal ramifications. Blue Cross and Blue Shield of Illinois does not provide legal or tax advice, and nothing herein should be construed as legal or tax advice. These materials, and any tax-related statements in them, are not intended or written to be used, and cannot be used or relied on, for the purpose of avoiding tax penalties. Tax-related statements, if any, may have been written in connection with the promotion or marketing of the transaction(s) or matter(s) addressed by these materials. You should seek advice based on your particular circumstances from an independent tax advisor regarding the tax consequences of specific health insurance plans or products.

Health Savings Account (HSA)

BlueEdge^SM HSA Health Plan

Benefits Comparison

We've expanded our offering of high deductible health plans to include a broader range of deductibles. Now you can pair HSAs with these innovative plans and enjoy tax advantages, ownership and more. Depending on the plan you choose, you can receive up to 100% coverage of your out-of-pocket expenses once you meet your deductible.

BENEFIT	PARTICIPATING PROVIDER COVERAGE
BENEFIT	BlueEdge^SM Individual HSA¹	BlueEdge^SM Individual HSA 5000¹
Provider Network	90% of Illinois doctors, more than 200 hospitals
Lifetime Benefit	$5,000,000
Individual Coverage Deductible Per calendar year	$1,150, $1,750, $2,600 or 3,500	$5,000
Individual Out-of-Pocket Expense Limit (Your Individual Expense Limit)	Annual deductible plus $3,000²	Annual deductible
Family Coverage Deductible Per calendar year	Equal to two times the individual deductible
Family Aggregate Out-of-Pocket Expense Limit (Family Expense Limit)	Annual deductible plus $6,000²	Annual deductible
Hospital Services Inpatient Physician Services Outpatient Services Inpatient Services Inpatient/Outpatient Diagnostic Testing	100% or 80%	100%
Wellness Care From age 16. Covers services associated with both an annual physical exam and an annual gynecological exam. Includes immunizations and routine diagnostic tests received or ordered on the same day as part of the exam. ($500 calendar-year maximum per person)	100% or 80%	100%
Well-Child Care To age 16. Includes immunizations, physical exams and routine diagnostic tests. ($500 calendar-year maximum per dependent)	100% or 80%	100%
Outpatient Emergency Care	100% or 80%	100%
Physical, Occupational or Speech Therapy $3,000 maximum per therapy, per calendar year	100% or 80%	100%
Mental Illness Treatment and Substance Abuse Rehabilitation Treatment Inpatient Care 30 Hospital Days per calendar year Physician Hospital First 14 days Thereafter Outpatient Care 30 visits per calendar year, 100 visits lifetime maximum Physician and Hospital	100% or 80% 60% 50% 50%	100% 100% 100% 100%
Optional Maternity Coverage Inpatient/Outpatient Hospital Services and Physician Medical/Surgical Services. (When elected, maternity benefits will begin 365 days after the effective date of the maternity coverage)	100% or 80%	100%
Outpatient Prescription Drugs	100% or 80%	100%