What is an HSA?
What is an HSA?
An HSA (Health Savings Account) is a savings account that allows you to set aside pre-tax dollars to use toward qualified medical expenses.
You can elect to contribute to an HSA if:
You are actively working and enrolled in a qualified High Deductible Health Plan (HDHP) and stay within the annual IRS contribution limits.
You cannot contribute to an HSA if:
You are enrolled in the Anthem PPO plan
You are covered under a non-HDHP plan (your own or your spouse’s)
You are enrolled in Medicare
Your spouse is enrolled in a Healthcare FSA
What are the advantages of an HSA?
What are the advantages of an HSA?
Allows you to pay for qualified medical expenses and products (for you and dependents) with pre-tax dollars!
Funds roll over year to year — no "use it or lose it."
Portable: You keep the account if you leave Trusted Health or change health plans.
Tax savings: Contributions lower your taxable income.
Interest and earnings grow funds tax-free.
Withdrawals are tax-free when used for qualified expenses.
Investment opportunities: After reaching a balance of $1,000, you can invest your HSA funds.
Retirement benefits: Unused funds can help cover future healthcare or be part of your retirement planning.
What are qualified expenses?
What are qualified expenses?
General HSA-approved expenses include a wide range of medical, dental, and vision costs, such as copays, deductibles, prescription drugs, over-the-counter medications, and treatments like physical therapy or orthodontia. Other eligible items include medical devices, certain home improvements for medical needs, and even menstrual products and some fertility treatments.
Doctor and hospital care: Copays, deductibles, and coinsurance for primary care, specialist visits, hospital stays, and surgery.
Dental care: Cleanings, fillings, braces, orthodontia, and other dental procedures.
Vision care: Eye exams, eyeglasses, contact lenses, and laser eye surgery. Therapy: Physical, occupational, psychiatric, and speech therapy.
Specialist services: Acupuncture, chiropractic care, and infertility treatments.
Emergency and urgent care: Ambulance services and emergency room visits. Over-the-counter (OTC) items: Pain relievers, allergy medicine, cold and flu remedies, and first-aid supplies like bandages.
Medical devices: Hearing aids, crutches, blood sugar monitors, and artificial limbs or teeth.
Prescription medications: All prescription drugs, including insulin and birth control. Menstrual products: Pads, tampons, and other menstrual care products.
Personal protective equipment (PPE): Masks and hand sanitizer for personal use.
Dependents: Expenses for eligible dependents are also covered, and in some cases, can cover up to 12 months of health plan premiums if you are receiving unemployment benefits.
Long-term care: Nursing home and certain long-term care expenses.
Can I use HSA funds for my dependent’s expenses?
Can I use HSA funds for my dependent’s expenses?
Yes, you can use HSA funds to pay for eligible dependents' healthcare costs—even if they aren’t enrolled on your medical plan—as long as they qualify as tax dependents.
If covering a domestic partner who isn’t a tax dependent, you can contribute up to the family limit but cannot use HSA funds for their expenses.
2025 HSA Provider Information
2025 HSA Provider Information
How do I enroll?
You are automatically enrolled in an HSA when you enroll in a qualified HDHP through Trusted Health.
Note: You are not required to contribute even though the account is created.
What happens to my HSA if I’m between contracts?
Your HSA will convert to a retail account (managed by Wealthcare Saver) about two weeks after your contract ends. You will receive a new debit card to use between contracts — keep your Anthem debit card for future use if you return in 2025. If you start a new contract, your account will revert to an employer-sponsored account.
Wealthcare Saver Contact:
Hours: Monday–Friday, 8:00 AM–8:00 PM EST
Phone: 866-287-2520
Can HSA funds be transferred?
If you have an HSA from a prior employer, you can transfer funds into your Anthem HSA by contacting Anthem. If you leave Trusted Health, you can transfer funds to another HSA administrator at your new provider.
Note: Funds will be temporarily unavailable during the transfer process.
How much can I contribute?
In 2025, contribution limits are:
$4,300 if enrolled in employee-only coverage
$8,550 if covering yourself plus dependents
You can update your contribution amount anytime during the year.
How do I invest my HSA funds?
Once your balance exceeds $1,000, you can start investing. Access investment options via the Sydney Health mobile app or Anthem portal under "Spending Accounts."
2026 HSA Provider Information
2026 HSA Provider Information
There’s a new HSA vendor!
Effective 1/1/26, WEX is the HSA provider.
If you previously had an HSA through Trusted, you can elect to transfer these funds to your new account in 2026, however transferring historical funds is not required.
Note: You must open a new account with WEX in order to make pre-tax payroll contributions in 2026.
How do I enroll and contribute?
You can elect and manage your contribution amount anytime through ADP!
Enroll by navigating to:
Myself > Pay > Enrollments > HSA
Manage your weekly contribution by going to:
Myself > Pay > Direct Deposit
How much can I contribute?
For 2026, the Health Savings Account (HSA) contribution limits are..
Self-only coverage: $4,400
Family coverage: $8,750
Catch-up contribution (age 55+): $1,000
How do I transfer my balance?
The balance transfer request form can be found in the WEX portal.
A balance transfer does not count towards annual contributions limits.
WEX is committed to covering the HSA account closure fees assessed by Anthem for the HSAs that transition from Anthem to WEX within the first 90 days, with a $500.00 minimum account balance.
The closure fee will be credited to the individual participant's account upon receipt of the assets.
What are qualified expenses?
A short list is available at the top of this article but we encourage you to visit the WEX website or download the app to find a more comprehensive list as well as discounts!
How do I invest my HSA funds?
Visit the WEX website or download the app to start financial planning. The account must have a minimum balance of $1,000.00 to begin investing
Access and Support
Visit the WEX website or download the app.
WEX is also available 24 hours a day / 7 days a week with the following support methods:
Phone Line:1-888-472-7415
Live chat on the website