HSA & FSA

Health Savings Account (HSA)

Administered by HSA Bank. Available with the HDHP only. Enroll via Workday.

• Eligibility: You must be enrolled in the HSA-eligible HDHP and not covered by a non-HDHP plan, a Healthcare FSA or HRA, Medicare or TRICARE, or be claimed as someone else's dependent.
• Funding: Pre-tax paycheck contributions plus pre-tax employer contributions.
• Rollover: Unused funds roll over every year and can build up for expenses in retirement.
• Tax advantages: Contributions go in tax-free, grow tax-free, and are spent tax-free on qualified medical expenses.
• Portability: You own the account and all funds immediately - it stays with you if you change plans, leave or retire.
• Eligible expenses include after visits, eye exams, prescription expenses, laser eye surgery, menstrual products, PPE, over-the-counter medications, and more
• Using funds for non-medical expenses before age 65 means income tax plus a 20% penalty.
• You can change your contribution at any time during the plan year. Visit www.hsabank.com or call 855-731-5220.