Health Savings Account
If you enroll in one of the Qualified High Deductible Health Plans (Basic or Core HSA Plans) and meet the IRS guidelines to be eligible for a Health Savings Account, you will receive a quarterly employer contribution, deposited the 1st month of the quarter, after you begin enrollment. New hires employer contribution is pro-rated for the 1st year.
In addition, employees may choose to make a contribution into the HSA account on a biweekly basis. – Employees may contribute an additional contribution up to the IRS 2025 Limits of: $4,300/single, $8,550 Family (those over age 55 are eligible for an additional $1,000 catch-up contribution). The employer contribution is included as part of the IRS annual limit therefore you should factor in the applicable employer contribution when determining your eligible 2025 contribution. Please consult your tax advisor for additional details.
RESOURCES
Examples of Qualified Medical Expenses
| Acupuncture Alcoholism treatment Ambulance Artificial limbs Braces Childbirth preparation classes (mother) Chiropractors Contact lenses Crutches Dentalfees |
Dentures Diagnostic fees Doctor’s fees Addiction recovery Eyeglasses and examination Hearing aid and batteries Home modifications for handicapped Insulin Laboratory fees Maternity |
Optometrists Orthodontia Oxygen/oxygen equipment Prescription drugs Psychiatric care Therapy treatments (prescribed) Transportation (for medical care) Vision correction surgery Vitamins (if prescribed) Wheelchairs X-rays |
The above is a brief summary; refer to IRS Publication 502 for confirmation of eligible expenses
HSA Health Savings Account
