employer connection

Health Savings Accounts

A Health Savings Account (HSA)1 is a personal savings account that allows a member to pay for qualified medical, dental and vision care expenses with tax-advantaged dollars.

The member (or their employer) contributes money to an HSA through pre-tax or post-tax contributions. The money contributed to the account is not subject to federal income tax at the time of deposit. Funds in an HSA roll over to accumulate year after year if not spent and all money in the HSA is owned by the member.

This consumer-directed approach to health care is available only in conjunction with an HSA-compatible high-deductible health plan.

Opening a Health Savings Account

Various companies offer a variety of HSA options that can be used with your Blue Shield HDHP 2. While Blue Shield does not provide tax advice or HSAs, we have a relationship with Wells Fargo, a company which offers these accounts.

Wells Fargo has been a provider of healthcare spending accounts since 1987, and was one of the first companies to offer HSAs when they became available in 2004. Learn more about Wells Fargo's HSAs at www.wellsfargo.com/hsa.

HSA-Compatible High-Deductible Health Plans

HSA-compatible high-deductible health plans include:

Small Groups (2-50)

  • Simple Savings 2500/50003
  • Simple Savings 3400/78003,4
  • Simple Savings 3500/70003
  • Simple Savings 4500/90003
  • Simple Savings 5500/110003


Midsize Groups (51+)

  • Shield Savings Plus 2400 Individual/4800 Family5
  • Shield Savings Plus 2600 Individual/5200 Family
  • Shield Savings Plus 3000 Individual/6000 Family
  • Shield Savings Plus 3500 Individual/7000 Family
  • Shield Savings Plus 4000 Individual/8000 Family5,6

To learn more about Blue Shield HSA-compatible health plans and how they can benefit you, contact your broker or Blue Shield representative.


1 Blue Shield does not offer tax advice or HSAs. HSAs are offered through financial institutions. For more information about HSAs, eligibility and the law's current provisions, consumers should ask their financial or tax adviser. HSA plan features may vary by institution and may be subject to change by those institutions.

2 HDHP designs may be modified to ensure compliance with federal requirements and guidelines, as well as subsequently enacted federal and state legislation.

3 Underwritten by Blue Shield of California Life & Health Insurance Company. Pending regulatory approval.

4 The Simple Savings 3400/6800 (HSA-compatible) is the only plan offered by Blue Shield of California Life & Health Insurance Company that may be used with any form of an employer-sponsored "wrap plan". Underwriting criteria prohibits pairing its other health plans with a wrap plan at any time, with the exception of a Health Savings Account (HSA) or employee-funded general-purpose Flexible Spending Account (FSA).

5 Available as a foundation plan in Tulare, Kings, Kern, Mendocino, and Lake counties, underwritten by Blue Shield Life and subject to regulatory approval.

6 Available as a Blue Shield of California plan and subject to regulatory approval.