Health Savings Account

If you elect the High Deductible Health Plan (HDHP), you may elect to open a Health Savings Account (HSA).

Please Note: You cannot contribute to an HSA if: 1) you are covered by a Flexible Spending Account (FSA)
even if the FSA is your spouse’s, unless it is a Limited Purpose FSA that doesn’t cover medical expenses, or 2)
are enrolled in Medicare or any other health insurance coverage.

Features of an HSA include:
• HSA funds can be used for qualified medical, dental, and vision expenses.
• You can only use what you contribute; funds will be deposited into your HSA.
• HSA money is yours to keep. Unlike a Flexible Spending Account (FSA), unused money in your HSA isn’t forfeited at the end of the year; it continues to grow tax deferred.
• HSA is portable. It remains open and funds are available to you even if you leave the employer where you worked when you established or contributed to the HSA.