HSA (Medical Plan 6 and 7)
A Moda Health HSA-qualified, high-deductible plan allows you to use tax-free funds for eligible healthcare expenses. To enjoy the benefits of an HSA-qualified plan, you can simply contact your entity's HSA vendor.. You can use HSA tax-free dollars to pay for deductibles, coinsurance and other qualified, expenses not covered by your health plan. HSA members enjoy a number of tax advantages, including:
- Contributions made on a tax-advantaged basis
- Unused funds carried over from year to year, growing tax-deferred
- Tax-free withdrawal of funds to pay for qualified medical expenses
To be eligible to participate in an HSA plan, you must:
- Be covered by a qualified high deductible health plan
- Not be covered under another non-HSA compatible medical plan (including your spouse's)
- Not be enrolled in Medicare
- Not be claimed as a dependent on someone else's tax return
Prescriptions
Your pharmacy benefits are included under your HSA plan. Typically, with an HSA plan, members are required to submit a claim form to receive benefits. With the Moda Health HSA plan, as long as you use your identification card at a participating pharmacy, you are not required to submit a claim form for reimbursement and your benefits will be applied at the point of service.
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Hello.
We have exciting news to share. ODS is changing its name to Moda Health.
Moda comes from the latin term "modus" and means "a way". We picked it because that's what we are here to do: help our communities find a way to better health.
Together, we can be more, be better.
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