Health Savings Account (HSA)

An HSA lets you use pretax dollars for qualified medical expenses now and in the future. After enrollment, you’ll get a debit card for access to your money. Your HSA can cover expenses for you, your spouse, and tax dependents up to age 26, even if they’re not covered under the HSA plan. Unused funds roll over yearly and stay with you if you leave the company or retire, so you can continue to pay for or save for future eligible healthcare expenses.

Using Your Account

Use the debit card linked to your HSA to cover eligible expenses or pay for expenses out of your own pocket. Save your HSA money for future healthcare expenses.

How the HSA Works

Eligibility

You must be enrolled in the CIGNA OAP HSA Plan.

Contributions

You contribute on a pretax basis and can change how much you contribute from each paycheck up to the annual IRS maximum of $4,300 if you enroll only yourself or $8,550 if you enroll in family coverage. You can make an additional $1,000 catch-up contribution if you are age 55 or older.

Eligible Expenses

You may use your HSA funds to cover medical, dental, vision and prescription drug expenses incurred by you and your eligible family members.

Using Your Account

Use the debit card linked to your HSA to cover eligible expenses or pay for expenses out of your own pocket and save your HSA money for future healthcare expenses.