Health Saving Account (HSA)

A Health Savings Account (HSA) combines high deductible health insurance with a tax-favored savings account. Money in the savings account can help pay the deductible. And money left in the savings account earns interest and is yours to keep.

The HSA applies to the High Deductible medical plan.

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For 2024, you can contribute up to $4,150 as a single ($4,300 for 2025) and $8,300 if you enroll as a family ($8,550 for 2025). Additionally, if you are age 55 or older, you are eligible to make a catch-up contribution of $1,000.

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You may elect to change your contribution amount at any time throughout the year!