Health Saving Accounts (HSA)

A Health Savings Account (HSA) is a tax-advantaged account employees should have if enrolled in a High Deductible Health Plan (HDHP). Pre-tax contributions are available to pay for eligible healthcare expenses like deductibles and coinsurance. Employees will receive the state’s monthly deposit of $41.66 for single coverage and $83.33 for family coverage. Unused funds roll over each year and account funds are portable once state employment ends.

Yearly Contribution Individual Family
Employee $4,150 $8,300
Employer $500 $1,000