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Blue PrioritySM HSA

Consumer-Directed Health Coverage Solutions

Blue Priority HSA
Funded by you, your employees, or both, the Blue Priority HSA provides your employees with tax-free* dollars for them to use to pay for qualified medical expenses. The account is a tax-exempt trust, administered by First Horizon Msaver, a nationally recognized provider of HSA administration.

How Blue Priority HSA WorksA Blue Priority HSA works like a bank account that your employees can use to pay for qualified medical expenses. The money your employees put into their Blue Priority HSAs will reduce their taxable income for the year – similar to the money saved in a 401(k) plan.

As an employer, you may also contribute to each employee’s Blue Priority HSA. You and your employees may contribute a pre-tax amount up to the annual deductible, or a statutory maximum, whichever is less. In addition, there are yearly contribution maximums for single and family, a nominal monthly administration fee, and minimum initial deposit to open the Blue Priority HSA.

*State tax treatment may vary

For more information, contact your Wellmark account manager or broker.

Please note:This information is only to be used for descriptive purposes only. Benefits and general provisions described herein are subject to terms of the actual policy and benefits certificate.  

 

BlueConnection
Blue Priority Decision Center


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Wellmark Blue Cross and Blue Shield is an Independent Licensee of the Blue Cross and Blue Shield Association doing business in Iowa and South Dakota. Blue Cross®, Blue Shield®, and the Cross® and Shield® symbols are registered marks of the Blue Cross and Blue Shield Association, an Association of Independent Blue Cross and Blue Shield Plans.


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