HSA-Eligible Plans
Pre-tax savings, paired with your coverage.
The V2500 and V5000 plan designs are HSA-eligible — so you can pair your Solo coverage with a Health Savings Account and put pre-tax dollars toward healthcare. And because members kept asking us which provider we'd choose, we picked one: Solo members get access to a Bank of America HSA with a dedicated concierge team. Here's how the pieces fit together.
A Health Savings Account lets you set aside money for healthcare on your own terms — and for a self-employed business owner, it's one of the most flexible tax-advantaged tools available. It works in three directions at once:
Contribute pre-tax
Money goes in before taxes, lowering your taxable income for the year. You decide how much to contribute, up to IRS limits.Grow it over time
Your balance can be invested and grow tax-free. Unused funds roll over year after year — there's no use-it-or-lose-it deadline.Spend it tax-free
Withdrawals for qualified healthcare expenses are tax-free, whenever you use them — this year or decades from now.You choose how much to contribute each year, which investment options to select, and when to spend it. Your account, your call.
Most plans make an HSA a guessing game, because you never really know what a bad year could cost you. Solo's structure removes that guesswork — your deductible is also your out-of-pocket maximum:
- Your exposure is a known number. On the V2500, the most you'll pay for eligible medical care in a year is $2,500; on the V5000, $5,000. That gives your HSA a concrete target to fund toward instead of an open-ended guess.
- Pre-deductible costs come out pre-tax. Care you pay for before meeting your deductible — and prescription copays after — can be paid from HSA dollars, effectively discounting them by your tax rate.
- A healthy year isn't a wasted contribution. Whatever you don't spend stays yours, rolling forward and continuing to grow.
- It stacks with the business deduction. Your monthly plan costs are generally tax-deductible as a business expense, and HSA contributions add a second pre-tax layer on top. More on the business-expense side here.
You can hold an HSA anywhere, and Solo members are always free to use any provider they like. But when members asked us who we'd choose, we wanted a real answer — so we partnered with Bank of America as our preferred HSA provider.
- A nationally recognized institution trusted by millions of account holders.
- Concierge support with 1:1 guidance — a dedicated team for Solo members, not a general queue.
- Investment options, so your balance can do more than sit still.
- Preferred pricing for Solo members, available because of the partnership.
Once you're enrolled, you'll get the concierge team's direct line and the details for opening your account — it's part of your welcome materials, not something you have to chase down.
Nothing here has to happen at once. The HSA piece follows enrollment, in three straightforward steps:
- Choose an HSA-eligible plan design. That means the V2500 or V5000 — compare the designs side by side to see which fits how you use care.
- Enroll in Solo. Your plan documents and welcome materials arrive on your effective date, including how to reach the Bank of America concierge team set up for Solo members.
- Open and fund your account. Set your contribution, choose your investment options, and start putting pre-tax dollars toward your healthcare.
Prefer to sort out the plan-design question first? Talk to our team — we'll walk through how the deductible levels differ so the HSA decision is an easy one afterward.
- How much can I contribute? The IRS sets annual contribution limits that change each year. Your tax professional or HSA provider will have the current figures.
- How should I structure contributions? That's a strategy question for your tax professional. We can tell you which plan designs are HSA-eligible; how to optimize is their job.
- What counts as a qualified expense? The IRS maintains the list — most medical, dental, and vision costs qualify. Your HSA provider can confirm specific cases.
- Do I have to use Bank of America? No. Any HSA provider works with an HSA-eligible Solo plan. The partnership exists to give you a good default, not a requirement.
- Can I keep an HSA I already have? Yes — an existing account can generally continue to be used, subject to your provider's rules and IRS requirements.