Health Savings Account

The Health Savings Account (HSA) is administered by Optum Financial. HSA is a type of personal savings account you can set up to pay certain health care costs. An HSA allows you to put money away and withdraw it tax free, as long as you use it for qualified medical expenses, like deductibles, copayments, coinsurance, and more. You’re eligible to contribute to an HSA when you’re covered by certain high deductible health plans (HDHPs).

HSA account balances roll over at the end of the year.

Triple Tax Advantage

  • Employee & Employer contributions are not taxable income
  • Interest or other earnings are not considered taxable income
  • Distributions may be tax free on qualified medical expenses

Investment Opportunities

Once your HSA reaches a $2,500.00, employees may choose to invest a portion of their HSA dollars. Optum Financial makes investing easy and more accessible by offering smart investment opportunities. Any investment earnings such as interest or dividends are income tax-free. Visit to start investing today!

Max Annual Contribution
Employee Contribution
Employer 1x Contribution

Employee Only$3,850.00$3,500.00$350.00
Employee + 1/Family$7,750.00$7,000.00$750.00
Employees age 55 - 64 are eligible to contribute an additional $1,000.00
Employees age 65+ are no longer eligible to contribute