Health Savings Account (HSA)

What is the difference between an HRA and HSA?

An HRA is a fund, established by Bloomin’ Brands, in which money you earn by completing Health Rewards is deposited by Bloomin’ Brands. You cannot contribute your own money, and you do not own the account so you cannot take unused money with you if you are no longer enrolled in an HRA medical option or leave Bloomin’ Brands.

An HSA is a type of bank account, opened by you, in which money you contribute plus money you earn by completing Health Rewards is deposited by Bloomin’ Brands. Once you have a certain amount of money in your account, you have the option to invest those funds. You always own the account, and the money is yours.

What is a Health Savings Account (HSA)?

It is a bank account that you and Bloomin’ Brands can contribute to on your behalf if you are enrolled in either the Choice or Value HSA medical option. You must take action to open this account.

Can I contribute my own money to the Health Savings Account (HSA)?

Yes, you may contribute your own money to the HSA. The total amount contributed by you and by any Health Rewards contributions you earn from Bloomin’ Brands cannot exceed the annual amount set by the IRS.

What is the maximum amount I can contribute to the Health Savings Account (HSA)?

For 2024, you and Bloomin’ Brands can contribute a total of $4,150 if you are enrolled in single medical coverage, or a total of $8,300 if you are enrolled in family medical coverage. If you are age 55 years old or older, you may contribute an additional $1,000 in catch-up contributions. Remember, these amounts are the full annual amount permitted by the IRS. The amount you may elect to contribute is reduced by the maximum amount of Health Rewards dollars you are eligible to earn.

Do I lose the money in my Health Savings Account (HSA) if I don’t use it during the year?

No, that money is yours and rolls over from year to year, if you do not use it to pay for eligible health care expenses. It is also yours to keep if you no longer work for the company.

Why am I seeing HSA deductions from my paycheck, but AccrueHealth says I have a zero balance in my HSA? Where is my money going?

You are required to open an HSA account with AccrueHealth, so that your HSA paycheck contributions can be deposited into it. The account is not automatically opened on your behalf.

When I retire, can I use my HSA funds to pay for my insurance and/or Medicare premiums?

When you are no longer actively working, certain premiums for health insurance may be eligible expenses under your HSA. Please consult a tax adviser for more information on what expenses are eligible.

How do I access information about my Health Savings Account (HSA)?

To open and access your 2024 HSA account with AccrueHealth, visit You will need your AccrueHealth debit card to create a new account.