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Health Savings Account

Description
  • For Faculty, Staff

Benefits-eligible staff and faculty employees that enroll in the High Deductible Health Plan (HDHP) may elect a Health Savings Account (HSA).

The HDHP combines a comprehensive, high-deductible PPO medical plan with the benefits of a tax-free Health Savings Account (HSA). This plan combination gives you more control over how you spend your healthcare dollars. Due to IRS regulations, the HSA feature is only available if you enroll in the HDHP.

Review the Benefits Guide for highlights or the tasks included in this task center for more detail and to access related documents. For more information on how a Health Savings Account works, please review HSA Bank's video.

  • Health Savings Account Contribution Enrollment Change Form: Use to begin or make changes to your HSA-related payroll contributions.
  • HSA Bank Website: Visit the HSA provider’s website for more information and to process reimbursements.
  • Moving Forward With Your HSA After Separation: Learn what steps you need to take concerning your HSA following separation of employment.

Tasks

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