Health Savings Account (HSA)

Xcel Energy offers you the HDHP with minimal monthly premiums. Because of this, you are encouraged to fund your HSA through monthly payroll deductions. The HSA is a pre-tax savings account created to cover your medical and pharmacy costs such as your deductible and co-insurance for current and future medical expenses, even in retirement. Optum Bank, a subsidiary of UHC, is the HSA vendor Xcel Energy has chosen to partner with to provide this account.

To learn more about how to use your HSA check out this short video.