Basic HSA

The Basic HSA is a high deductible plan — and it’s one of two plans that can be paired with a Health Savings Account (HSA). In 2023, you can put up to $3,850 as an individual or $7,750 as a family of your money in the HSA and deduct it from your taxes when you do your tax return. During the year, you can use HSA money to pay for eligible health care expenses or you can save it for later. (You can even use that money for eligible health care expenses when you retire.)

After you meet the deductible, which is higher than the other plans, the plan kicks in to share the cost (and pays a lower portion than the Classic PPO, Basic PPO or HSA Plus). Once you meet your out-of-pocket maximum, the plan pays 100% of eligible expenses for the remainder of the year.

You don’t get any free money from XPO with the Basic HSA, but the premiums are the lowest of all the medical options. This means more money in your paycheck. You can lower your taxable income by putting money in an HSA, if you choose to set up an account.