If you enroll in the Investor Plan (HSA) medical option in 2019, you will have access to a Health Savings Account or HSA, through Optum Bank, which allows you to save money for healthcare expenses on a tax-free basis. But what exactly does that mean? It means money that you (and John Hancock) deposit into your HSA is not taxed, and even better, any money that you keep in your account grows tax-free! Distributions for qualified medical expenses are not taxed, either.
Important! If you enroll in the Investor Plan (HSA) medical option in 2019, we will make a $500 or $1,000 tax-free contribution to your HSA in January, depending on your coverage level. That’s free money!