Health Savings Account (HSA)

Alliance offers an Anthem PPO plan with a Health Savings Account option. We have partnered with Discovery HSA to offer health savings accounts which provide tax advantages and can be used to pay for qualifed health care expenses, such as your deductble, copayments, and other out-of-pocket expenses.

What are the benefits?

• Administered by Discovery Benefits, an HSA accumulates funds that can be used to pay current and future health care costs.

• You can contribute to your HSA on a pre-tax basis, for federal tax purposes, or you can contribute on a post-tax basis and take the deduction on your tax return.

• Alliance will contribute the following amount every month to your HSA account:
  -$50 for an employee-only Anthem PPO HSA plan;
  -$75 for an employee plus child or an employee plus spouse/partner Anthem PPO HSA plan; or
  -$100 for an employee plus family Anthem PPO HSA plan. 

• HSA funds can grow on a tax-free basis, subject to state law.

• An HSA reduces your taxable income and may allow you to make tax-free withdrawals from the account when paying for qualified health care expenses (tax regulations vary by state).

• Because you own the HSA, there are no “Use it or Lose it” provisions, so unused HSA funds roll over from year-to-year, and can be used to reimburse future eligible out-of-pocket expenses.

• You may enjoy lower monthly premium payments as compared to traditonal PPO medical plans.

• Because you own the HSA, the money in your account is yours to keep if you leave the company.

How do I qualify for an HSA?

• The IRS has guidelines regarding who qualifes for an HSA. You are considered eligible if:

• You are covered under the Anthem Blue Cross HSA medical plan.

• You are not enrolled in non-qualifed health insurance outside of Alliance’s HSA plan.

• You are not enrolled in Medicare.

• You are not claimed as a dependent on someone else’s tax return (excluding a spouse).

• You are not enrolled in a general Health Care Flexible Spending Account (Health FSA) or general Health Reimbursement Arrangement (HRA).

A few rules you need to know:

• You must be enrolled in the Anthem PPO HSA medical plan to access this benefit.

• The 2026 maximum HSA account contribution limit for employee and employer contributions is $4,400 if you are enrolled in employee-only medical coverage, and $8,750 if you are enrolled in employee+dependent coverage tiers.

• If you are over 55, you can also add an additional catch-up contribution of $1,000.