GEHA Health Savings Advantage^SM is a high-deductible health plan (HDHP) designed to work with a health savings account (HSA), Health Savings Advantage offers you tax savings and a chance to build a nest egg for future medical expenses and for retirement.

GEHA deposits a portion of your regular health plan premium into your HSA each month. You can also add your own funds to your HSA. As you need medical care during the year, you can use the money in your HSA to pay out-of-pocket expenses. Unused money in your account and the interest it earns rolls over at the end of each year and continues to grow.

Your Health Plan
For the 2012 plan year, Health Savings Advantage continues to offer savings opportunities.

• Adult in-network preventive care benefits, such as physical exams, immunizations and cancer screenings:
• Paid at 100 percent.
• No deductible.
• No calendar-year limit.


• Manageable deductibles:
  • $1,500 for Self-only enrollment or
  • $3,000 for Self and Family enrollment.
  
  
• GEHA makes contributions your HSA totaling:
  • $750 per year for a Self-only enrollment or
  • $1,500 per year for a Self and Family enrollment.
  
  
• GEHA pays monthly fees as well as set-up fees for your HSA.
  
  
• No deductible for vision or dental benefits.
  
  
• Continued 100 percent coverage for preventive care for children, for both in-network and out-of-network providers.
  
  
• For medical care other than preventive care services, after you pay your plan deductible, GEHA pays 95 percent when you see an in-network provider and 75 percent when you see an out-of-network provider.
  

Your Health Savings Account
After you enroll in GEHA's Health Savings Advantage plan, we will open a health savings account (HSA) for you through HSA Bank. GEHA will deposit a portion of your regular health plan premiums for each month into your HSA. GEHA bases its contribution on the effective date of your enrollment.

If you do not wish to have a have an HSA or if you do not qualify, you can contact us to close the HSA and open a Health Reimbursement Account (HRA) instead.

Eligibility
Any federal employee qualifies for the Health Savings Advantage high-deductible health plan. However, not everyone qualifies for a health savings account. By law, you are not eligible for a health savings account if you:

• Can be claimed as a dependent on someone else's tax return,
• Have received VA benefits in the last three months or
• Have Medicare or other health plan coverage.

For more information about Health Savings Advantage HDHP and HSAs:
GEHA Health Savings Advantage HDHP 2012 Summary
GEHA Health Savings Advantage HDHP 2012 brochure
GEHA Health Savings Advantage HDHP 2012 benefit chart
Qualified medical expenses
About HSAs
2012 HSA frequently asked questions
HSA/HRA fact sheet and comparison
Definitions
HSA Bank - Use this link to learn more about HSAs and to get specific information on your account.

For more information about HDHPs and HRAs:
HRA frequently asked questions
HSA/HRA fact sheet and comparison

HSA calculators:
Tax savings calculator - helps determine the amount you could save on taxes for the dollars you contribute to your HSA