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Health Savings Account (HSA)

Health Savings Account (HSA)

If you enroll in the Consumer Driven Health Plan (CDHP), you may be eligible to open a Health Savings Account (HSA), administered by HealthEquity. An HSA can help you pay for eligible health care expenses such as medical, dental, vision care, and prescription drugs with pre-tax dollars.

  • CDHP contributes $$$ to your HSA! It’s FREE money! See the chart below for contribution amounts.
  • You can set aside pre-tax money from your paycheck to help pay for additional out-of-pocket health care expenses. HSAs give you triple tax advantages:
    • Contributions to the HSA are not taxed
    • Payment of qualified expenses is tax-free
    • Earnings are tax-free
  • The HSA is an individual account you own! The entire balance is yours to keep. If you leave the company, the account goes with you.
  • You can make changes to your HSA contributions at any time.
  • Unused funds always roll over to the next plan year.
  • You have the freedom to control and manage your healthcare spending and savings to grow your balance for future qualified medical expenses, such as those in retirement.
Coverage Type 2026 CHPW HSA Contribution 2026 Maximum Employee Contribution 2026 Maximum Contribution Limit Age 55+ Catch-Up Contribution
Individual $500 $3,900 $4,400 Additional $1,000
Family $1,000 $7,750 $8,750
  • You must be enrolled in the CDHP plan.
  • You cannot be covered under another non-qualified health plan, including your spouse’s Health Care Flexible Spending Account.
  • You cannot be enrolled in Medicaid, Medicare, VEBA, or TRICARE .
  • You cannot be claimed as a dependent on someone else’s tax return.

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