Health Savings Account
If you enroll in the WellSpan HDHP, you are eligible to contribute to a tax-free Health Savings Account (HSA). Once you enroll in your HSA and begin saving money, you’ll be able to use it to pay for eligible healthcare expenses for you, your spouse and your tax dependents. And, remember, WellSpan provides a bi-weekly employer contribution of $26.92 ($700 annually) for individual coverage and $53.84 ($1,400 annually) for all other coverage. Review the documents below to learn more about the Health Savings Account.
If you are Medicare eligible and are currently enrolled in Medicare Part A or B, you cannot participate in an HSA.
Remember if you are enrolled in either an FSA or HSA plan, and your spouse also participates through their employer, you may want to seek tax advice as this may not be allowable.