Health Savings Account

The opportunity to participate in an HSA is connected to your enrollment in the qualified high-deductible health plan (HDHP).  A HSA is a tax-favored account, set-up to pay certain medical expenses of the account owner, spouse and dependents.

There are some important eligibility requirements to know about with a HSA, make sure you review these and that you are indeed eligible to utilize a health savings account.

• You are enrolled in an eligible high deductible health plan.
• You are not enrolled in any other non-HSA qualified plan.
• You are not eligible to use a general purpose flexible spending account (FSA).
• You are not claimed as a dependent on another person's tax return.
• You are not enrolled in Medicare, Medicaid or Tricare.
• You have not used VA medical benefits other than preventive services in the past three months.

HSA Contribution Limits

If you enroll in the HSA medical plan, the District will contribute to your HSA on the September 15th and January 15th payroll.  You can also elect to make pre-tax contributions to the HSA through payroll deduction.  Annual limits and district contributions are shown below:

NOTE: If you are age 55 or older and are not enrolled in Medicare you are eligible to contribute up to $1,000 over the annual limits shown above.

HSA Forms

• HSA Application

HSA Helpful Hints

• IRS - Publication 502