Health Savings Account (HSA)
The ability to establish a HSA is an important factor to consider when evaluating the HDHP plan. The HSA provides you with a valuable opportunity to build a personal fund that you can use to pay for current and future qualified health care expenses – tax-free.
You qualify for a HSA if you:​
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Chose Mertitain SimplePay HDHP option
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Are not covered by another medical plan
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Are not enrolled in Medicare
Your options to set up an HSA are:
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Your own bank may offer this service, contact them for additional information and fees
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H.S.A. Bank – no setup fee, monthly administrative fee of $2.50
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Health Equity Bank – no setup fee, monthly administractive fee of $2.95
HR can assist you with options 2 and 3. Once you have opened your Health Savings Account with the bank of your choice, please share your new account and routing number with the HR Department. A direct deposit will be set up through the payroll system, with the amount of your choice.
HSA contribution limit maximum’s for 2026 are $4,400 if you cover yourself only and $8,750 if you cover another family member.
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If you reach age 55 during 2026, you are eligible to make an additional $1,000 catch-up contribution. If your spouse reaches age 55 in 2026, he or she may only make a catch-up contribution to his or her own HSA.