Health Savings Account
Health savings account (HSA)
Here’s what you need to know:
Our savings and spending account administrator is WEX.
Even though you’re able to use single sign-on to access the WEX site from the Chubb Benefits Portal, create a WEX account to ensure you have anytime, anywhere access.
If this is the first time you’re creating an account, you’ll receive a new WEX benefits card.
Choose from the following accounts:
Health Savings Account (HSA): Available to employees who enroll in the $1,850 or $4,500 Deductible Plan
Flexible Spending Accounts (FSAs):
Health care: Available to employees not enrolled in an HSA
Limited purpose: Available to employees who are enrolled in the HSA
Dependent care: Available to all employees
Health Savings Account (HSA)
With the $1,850 and $4,500 Deductible Plans, you can contribute to an HSA. The HSA is a tax-free savings account that you own. You can use it to pay for eligible health expenses anytime, even in retirement.
You can change your Health Savings Account contribution amount anytime through the Chubb Benefits Portal
It’s your personal bank account and the balance rolls over each year
Get tax advantages with an HSA:
Put money in tax-free*
Contribute to your HSA through before-tax pay deductions, up to IRS annual limits: In 2025, total limit on contributions to your HSA is $4,300 for Employee-only medical coverage or $8,550 if you cover dependents. Add $1,000 to these limits if you will turn 55 or older in 2025.
You have the flexibility to change your contribution amount anytime.
Pay for care tax-free*
Pay for eligible medical, prescription, dental and vision expenses for you and your family using your HSA debit card (provided sufficient funds are in your account). For a list of eligible expenses, see IRS Publication 502 at www.irs.gov/publications/p502.
Track your spending, check your balance, reimburse yourself and more by accessing your HSA account online through the Chubb Benefits Portal.
Grow your money for the future tax-free*
All the money in your HSA is yours to keep; year-end balances roll over year after year.
Build up savings to pay for future health care expenses. You can even invest your money once it reaches a balance of $1,000, which gives you the potential for tax-free earnings growth and a simple way to save for health care costs even in retirement.
How the $1,850 and $4,500 Deductible Plans work with the HSA
By contributing pre-tax dollars directly to an HSA, you can cover deductibles and coinsurance as they come up— saving the amount you would have paid in taxes. After you reach your out-of-pocket maximum, both plans pay 100% of in-network costs.
For a list of eligible expenses, see IRS Publication 502 at www.irs.gov/publications/p502.
*HSA contributions are not subject to federal tax. However, they are currently subject to state tax in Alabama, California and New Jersey. Consult with your tax advisor to understand the potential tax consequences of enrolling in an HSA. Money in an HSA can be withdrawn tax-free as long as it is used to pay for qualified health-related expenses. If money is used for ineligible expenses, you will pay ordinary income tax on the amount withdrawn, plus a 20% penalty tax if you withdraw the money before age 65.
Manage your account
Track your spending, check your balance, reimburse yourself and more by accessing your HSA account online at benefitslogin.wexhealth.com.