Health Savings Account (HSA)
Available for Full-Time and Part-Time Associates
Cut down on your taxes with a health savings account—it's a sweet deal, just like your favorite park treats!
What is an HSA?
Need funds for out-of-pocket healthcare expenses? A Health Savings Account (HSA) with WEX acts as a personal bank account for qualified medical costs, with tax-free contributions and withdrawals. You must be enrolled in a High Deductible Health Plan (HDHP) to participate; both the Anthem Premium HDHP and Standard HDHP plans qualify.
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​​How do I use it and what expenses are covered?
WEX issues a debit card that gives you direct access to your HSA balance, making it easy to pay for qualified medical expenses. Just like any debit card, you must have available funds in your account to use it.
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Eligible expenses include doctor visits, eye exams, prescriptions, laser eye surgery, menstrual products, PPE, and over-the-counter medications. For a full list, see IRS Publication 502 at www.irs.gov.
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​​Is an HSA tax-free?
Yes, an HSA is tax-free because contributions are pre-tax, earnings grow tax-free, and withdrawals for qualified medical expenses are not taxed.
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​You can contribute to an HSA if:​
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You are enrolled in a HDHP (High Deductible Health Plan).
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You're not covered by a non-HDHP plan from a spouse, domestic partner, or parent.
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Neither you nor your spouse/domestic partner have a Healthcare FSA or HRA.
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You’re not claimed as a dependent on someone else’s tax return.
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You’re not enrolled in Medicare or TRICARE.
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You haven’t received VA benefits for non-service-related care in the past 90 days.​
How to Enroll and HSA Funding Limits
How to Enroll
When you enroll in a Six Flags' Premium HDHP or Standard HDHP plan you are eligible to enroll in a HSA. Select an HSA annual amount (it can be zero), and you will receive the employer contribution in addition to your election. Once you are enrolled, WEX will set up your HSA account. You will receive a debit card via mail to your home address that has your HSA funds available to use!
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HSA Funding Limits
The IRS sets annual contribution limits for HSAs. For 2025, the maximum contributions (including employer contributions) are noted below in the chart. Additionally, Six Flags provides an HSA employer contribution that will be deposited at the beginning of the plan year.
Midyear HSA Enrollment and Contribution Limits
If you enroll in the HSA midyear (as a new hire or due to a Qualifying Life Event), employer contributions are prorated. Contributions over the 2025 IRS limits ($4,300 for individuals and $8,550 for families) are not tax-deductible and may incur a 6% excise tax.​
What Are the Benefits of a Health Savings Account?
Tax Advantages
Contributions are pre-tax, lowering your taxable income, and withdrawals for medical expenses, including earnings, are tax-free.
Rollover Funds
Unused HSA funds roll over each year, so there’s no “use it or lose it” rule like with some other health accounts.
Retirement Opportunities
HSAs allow you to invest your savings, growing tax-free and providing an opportunity for wealth-building.
Portability
The funds in your HSA are yours to keep, even if you change jobs.
Retirement Savings
HSA funds can be used for qualified expenses in retirement, and after age 65, they can be withdrawn for any purpose without penalty.
Flexibility for Family
HSA funds can pay for qualified medical expenses for you, your spouse, and tax dependents, regardless of their health plan coverage.
