HSA Bank is the university’s Health Savings Account (HSA) administrator. Health Savings Accounts work in conjunction with Cigna’s High Deductible Health Plan.
Top 3 Things to Know
- HSA contribution limits for 2024 are $4,150 for the individual and $8,300 for the family.
- The university contributes to employees’ HSA
accounts, $500 per individual and $1000 per family. (
Employer HSA contributions are split over
several payroll periods and pro-rated based on date of hire.)
- HSA Bank issues a debit card that can be used
for
IRS-approved expenses.