Health Savings Accounts (HSAs)

When you enroll in a High Deductible Health Plan (HDHP), you will be given seed money in your Health Savings Account (HSA) to help you offset your out of pocket expenses. An account will be opened for you with Optum Bank.

An HSA is a great way to pay for your medical expenses now and save for the future. An HSA is triple tax free. This means your contributions are federal tax free, your qualifying distributions are tax free and any earnings on your account grow tax free. You must be enrolled in the Classic HDHP medical plan to be eligible to sign up for a HSA.

The 2024 maximum HSA Contributions are:

Single Coverage | $4,150
Family Coverage | $8,300
If you are age 55 or older, you can also make catch up contributions up to $1,000

Keep in mind, your HSA is yours to keep. It goes where you go and any unused balances carry over each year.

Download the Optum Bank app

Enjoy an easier way to manage your HSA. You can pay bills, view transactions, upload receipts and more! Download today on your Apple® or Android™ device.