Take Control of Your Health Care Costs and Savings.

A Sovereign HSA is a special tax-favored account that lets you save for qualified medical expenses. Once you enroll through your employer in one of FCHP's Care Choice high-deductible health plans, the money you contribute to the account (subject to federal limits), and the interest it earns, are not subject to federal income tax.

And unlike similar tax-favored health accounts, there is no “use-it-or-lose-it” rule. The unused funds in your HSA can accumulate year after year until you need them. You can also take the account with you when you change jobs or leave the workforce.

Contributions can be made through an automatic payroll deduction plan or even through a pre-tax salary reduction if offered by your employer. You can also make contributions to your HSA through automatic transfers from one of your existing bank accounts or by mail.

Qualified medical payments can be made simply by writing a check or by using your Sovereign HSA Visa^® debit card. To ensure that you are paying the lowest possible price for healthcare services, it may make sense for you to wait to make a payment until your health plan has provided an explanation of benefits (EOB) for services provided. You’ll also receive convenient monthly statements of your transaction history and annual tax reporting.