A health savings account (HSA) is a tax-favored personal savings account which works with your high deductible health plan.

HSA dollars can be used to pay for qualified medical expenses such as deductibles, copays, dental, and vision care. For a complete list of qualified medical expenses visit www.irs.gov in IRS Publication 502.

Your employer will be contributing the following annual amounts:

  • Associate only: Up to $500 annually
  • Associate and spouse: Up to $1,000 annually
  • Associate and child(ren): Up to $1,000 annually
  • Family: Up to $1,000 annually
HSA Major Benefits
  • Funds always belong to you
  • Funds always roll over from year to year
  • Lowers your taxable income
  • Helps you build a healthcare nest egg for emergencies or retirement
HSA Triple Tax Savings
  • Tax deduction when you contribute to your account
  • Tax-free earnings through investment
  • Tax-free withdrawal for qualified medical expenses
2023 HSA Funding Limits
Coverage Limit
Individual Coverage $3,850
Family Coverage $7,750
Age 55 or Older Contribute an additional $1,000 on top of these amounts
Opening an HSA

We partner with HSA Bank through ALEX for our HSA program. You can find information about your HSA by visiting www.alexhsa.com or call 833.223.5601. You will also receive a Welcome Kit in the mail which will include your new HSA debit card. If you do not receive this, please reach out to HSA Bank through ALEX for further instructions.

HSA dollars will be available in your account once deposits have occurred. Employer and associate contributions are pulled each paycheck.

HSA Eligibility

You may open and contribute pre-tax to an HSA under the following circumstances.

  • Enrolled in an IRS qualified high deductible health plan (HDHP)
  • Not enrolled in a traditional PPO plan through your spouse or other employer sponsored plan options
  • Not enrolled in a Government sponsored program (Medicare, Medicaid, Tricare, etc.)
  • Have not received VA benefits within the last three months (unless receiving benefits for a service related disability)
  • Not claimed as a dependent on someone else’s tax return
  • Cannot be enrolled in a healthcare FSA, your spouse also cannot have a healthcare FSA through his/her own employer