Health Savings Account (HSA)

Tools and Resources



CONTRIBUTIONS TO YOUR HSA

Once your HSA is established, funds can be used to meet your deductible, pay current eligible medical expenses or be saved for future medical expenses – even after retirement.

Contributions to your HSA can come from:

HSA contributions are owned by you and are portable in the event you leave Emory. 

The HSA is funded in three ways:

1. Emory's Annual Contribution: If you enroll in:

Note: Emory's contribution is prorated based on your enrollment date if after January 1.

2. Incentives: You can earn up to $400 ($500 with a spouse) in incentives towards your HSA balance each year by completing various healthy activities.

3. Your Contributions: If you want a way to save tax-free for current or future eligible medical expenses, you can also contribute to your HSA. The maximum you can contribute in 2018 is $3,450 for single coverage, $6,900 for family coverage and if you are age 55 or older, an additional catch-up contribution of $1,000 (the maximums include Emory's contribution and incentives).  Contributions to your HSA have no expiration date — they remain in the account until you decide to access them or reimburse yourself for an eligible expense you already paid out-of-pocket. You decide when and how to pay.

 

IMPORTANT:

In accordance with IRS regulations, if you are a new enrollee in the HSA Plan for 2018 (i.e. switching from the POS Plan) and you have a balance in a 2017 Healthcare Flexible Spending Account (as of Dec. 31, 2017), you are not eligible to contribute funds to an HSA or receive any funds in your HSA until April 1, 2018. Make sure your FSA balance is $0 by Dec. 31, 2017.