The Health Savings Account allows you to put money aside and withdraw it, tax-free, as long as you use it for qualified medical expenses like deductibles and copays. The IRS allows for $4,400 to be contributed to a Health Savings Account for single coverage and $8,750 for family coverage. °µÍø½ûÇø will contribute $1,300 dollars towards the Health Savings Account for employees enrolling in single coverage and $2,000 for enrolling in family coverage, and those dollars are yours to keep.
HSAs build tax-free interests, plus they roll over year to year. You can contribute to a Health Savings Account and increase or decrease contributions throughout the year. Again, the health savings account is yours to keep even if you leave or retire from °µÍø½ûÇø. There will be planned comparisons displayed in the Open Enrollment web pages under the medical plan area for your review.