GEHA Health Savings Advantage^SM is a consumer-driven, 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 large percentage 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 roll over at the end of each year and continue to grow.

Your Health Plan
For the 2009 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 an annual contribution to your HSA:
  • $720 per year for a Self-only enrollment or
  • $1,440 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.
  
  
• 24-hour NurseLine^SM services to help you manage your health care.
  

Your Health Savings Account
After you enroll in GEHA's Health Savings Advantage plan, you must open your health savings account (HSA) with HSA Bank so that GEHA can deposit a portion of your monthly premium into your HSA. GEHA bases its contribution on the effective date of your enrollment. Use the HSA Online enrollment application link below to open your health savings account.

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:
HSA Online enrollment application - Open your Health Savings Account
GEHA Health Savings Advantage HDHP 2009 brochure
GEHA Health Savings Advantage HDHP 2008 brochure
GEHA Health Savings Advantage HDHP 2009 benefit chart
GEHA Health Savings Advantage HDHP 2008 benefit chart
Qualified medical expenses
About HSAs
2009 HSA frequently asked questions
2008 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 once you've signed up. Please do not use this link to open your HSA; instead, use the HSA Online enrollment application link (at the top of this list) that's just for GEHA members.

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

HSA calculators:
Contribution calculator - helps calculate your maximum HSA contribution and tax savings
Future value calculator - helps calculate your tax-deferred growth and the future value of your HSA
Tax savings calculator - helps determine the amount you could save on taxes for the dollars you contribute to your HSA