Save money with an HSA

If you have a BlueSolutions plan, you can start a health savings account (HSA). Think of it like a retirement account for medical expenses. You can contribute money to your account and spend it now on qualified medical expenses. Or you can keep saving and investing your money and use it later in life.

It's your money. It’s your choice.

Here’s what you get with an HSA

  • More spending power. Since you’re using tax-exempt dollars for qualified medical, dental, and vision expenses, it’s like a built-in discount.
  • Tax savings. Money that goes into your HSA may lower your income tax at the end of the year. Discover the triple tax advantage.
  • Ease. Pay your medical bills with a debit card, checks, or directly online.
  • Flexibility. HSA funds roll over from one year to the next, and the balance can earn interest.
  • Portability. Your HSA remains yours whether you are self-employed, change jobs, or retire.
  • Convenience. Manage your HSA, including paying bills, viewing transactions, and scheduling contributions online.

Learn how to set up your HSA

See your HSA on myBCBSRI

See the savings for yourself

Simple calculators show you how much you can save on taxes when you contribute to your HSA.

Tax savings example*

For a married couple in Rhode Island filing a joint tax return.

Household Income:


Pre-tax HSA Contribution:


Tax savings:


*This example is for illustrative purposes only and does not represent actual tax impact.

This summary is for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. HSAs are not insurance. HSAs are individual accounts, and are subject to eligibility and restrictions, including but not limited to, restrictions on distributions for qualified medical expenses set forth in section 213(d) of the Internal Revenue Code.