FAQs (data-driven)

Health Savings Account

• What is a Health Savings Account (HSA)?

  A Health Savings Account (HSA) is a tax-advantaged savings account designed to help individuals and families pay for qualified medical expenses.

• Who qualifies for a Health Savings Account (HSA)?

  HSAs are available to eligible individuals and families enrolled in qualified high-deductible health plan (HDHP).

• What are the tax benefits of a Health Savings Account (HSA)?

  HSA contributions may be tax deductible, earnings grow tax deferred, and qualified medical withdrawals are tax free.

• Can unused HSA money roll over each year?

  Yes. Unused HSA funds roll over from year to year and remain in the account.

• What can I use HSA funds for?

  HSA funds can be used for qualified medical expenses such as prescriptions, doctor visits, dental care, vision care, hearing aids, and other eligible healthcare costs.

• How can I deposit money into my HSA?

  Members can fund their HSA through payroll direct deposit or in-person deposits.

• What are the HSA contribution limits for 2026?

  For 2026, contribution limits are: $4,400 for individual coverage and $8,750 for family coverage. Eligible members age 55 or older may qualify for an additional catch-up contribution.