HSA plan options: Invest now to save for the future
In order to use the Health Savings Account, you must enroll in one of the eligible medical plan options (determined by your local area) that offers an HSA. The HSA administrator is Optum Financial. For additional information on Optum Financial, please click here.
Unlike the other medical plan options, federal tax law requires only in-network preventive care, preventive prescriptions and telemedicine are covered with no deductible. Out-of-network services are still generally not covered. You have to pay the full cost for in-network medical care, mental health/substance use care and prescription drugs until your deductible is met before the plan will begin to pay per federal tax law. If you are covering more than just yourself, you are required to meet the family level deductible before the plan will begin to pay. In this case, an individual can contribute more than the individual deductible and could reach the family deductible without anyone else satisfying the deductible. If multiple individuals meet their individual deductible but the family deductible is not yet satisfied, the plan would not begin paying until the family deductible is met. In an HSA-eligible medical plan, your out-of-pocket maximum will differ based on your coverage tier. If you enroll in Employee Only coverage, your individual out-of-pocket maximum is $6,900. If you cover any dependents, the individual out-of-pocket maximums become $8,150 with a family out-of-pocket maximum of $13,800.