HDHP Tools
Plans with Consumer Directed Healthcare (CDH) options, like our BlueChoice Advantage-HDHP Option plan, can be a great choice because you can save money and become more engaged with your health care when it is paired with a Health Savings Account (HSA) or Health Reimbursement Arrangement (HRA).
What is a Health Savings Account?
A tax-advantaged medical savings account that you can open when you select the BlueChoice Advantage-HDHP Option to pay for health care costs for yourself and taxable dependents. Eligible expenses include doctor and hospital visits, copays, vision and dental expenses, prescriptions and premiums for long-term care insurance.
You may contribute to your HSA up to the annual limit ($4,150 for Self Only; $8,300 Self + One or Self & Family) and retain control of the account and may rollover any unused funds from year-to-year. You may also choose to invest additional funds.
What is a Health Reimbursement Arrangement?
HRAs are tax-advantaged accounts that we fund to cover health care costs before the deductible has been met.
If you are thinking about, or have enrolled in an HSA with the BlueChoice Advantage-HDHP Option plan, these calculators may be helpful resources as you plan your contributions, set retirement goals or determine how much your HSA will be over time:
For more information on this plan, check out our BlueChoice Advantage-HDHP Option plan page.