The Health Savings Account (HSA) applies only to the High Deductible Health Plan (HDHP). The Health Savings Account is an important component of the HDHP design as it can be used to offset qualified health care expenses; this includes medical, dental, and vision care expenses. The HSA is a special type of savings account similar to an Individual Retirement Account (IRA). It offers a different way for you to pay for your health care. Here are some key features of the HSA:
- You own and control the money in your HSA from day 1; making it fully portable after retirement or separation from the County
- Decisions on how to spend the money are made by you without interference from a third party or health insurer
- The County funds an annual HSA amount based on tier of coverage enrolled (i.e. employee only, employee + children, etc.)
- The annual HSA amount is prorated for new hires and newly benefit eligible employees based on month effective in plan
- Health Savings Accounts cover qualified health care expenses: medical, dental, and vision. As a result, you can not enroll in a Flexible Spending Accounts per IRS rules
| Tier of Coverage
|| Annual Amount |
| Employee only
| Employee + dependents (spouse, child(ren), family)
Can I contribute to my Health Savings Account?
Yes, you can contribute to your HSA on a pre-tax basis (i.e. before income and employment taxes are applied). The maximum amount you may contribute is $3,300 (employee only) and $6,550 (employee + dependents). Individuals who are aged 55 and older and who are covered by the High Deductible Health plan can make additional "catch-up" contributions each year until they enroll in Medicare. The annual "catch-up" contribution is $1,000.
I am Medicare-eligible, can I participate in the Health Savings Account?
No, IRS rules do not allow Medicare-eligible employees to participate in a Health Savings Account. Medicare-eligible employees who enroll in the High Deductible Health plan will have the equal County-funded amount deposited into their Health Reimbursement Account.
Is the Health Savings Account subject to the "Use it or Lose it" Rule?
No, any unused monies will rollover year to year. You do not lose the money since it is your account and your own money.
Who is the Banker for the Health Savings Account?
Humana contracts with UMB Bank as custodian of the Health Savings Account. Members will be able to access their account online through myHumana under the "Spending Accounts" tab.
HSA Election Form (pdf)
Account Member Services, 800-604-6228