Health Savings Account

A Health Savings Account (HSA) allows you to put aside pre-tax dollars from your pension check to help pay for qualified expenses.

Only available if you enroll in the Blue Open Access HSA or the Kaiser HSA plan

To contribute to an HSA and/or receive contributions, you cannot:

  • Be claimed as a dependent on someone else’s taxes;
  • Be enrolled in a Flexible Spending Account through another employer;
  • Have any other medical plan, including Medicare parts A, B, C or D; and
  • Be covered by your spouse’s medical plan unless he or she also is covered by an HSA plan.

2023 Contribution Limits

  • $3,850 for employee only coverage
  • $7,750 for all other coverage levels

If you are age 55 or older and not enrolled in Medicare, you can contribute an additional $1,000 in catch-up contributions.

Contributions from DeKalb County

DeKalb County contributes the following amount to your HSA each January:

  • $750 for employee only coverage
  • $1,500 for all other coverage levels

Triple Tax Advantage

  1. When you deposit money, it goes in tax free.
  2. When you invest your money, it can grow tax free.
  3. When you withdraw your money for eligible medical expenses, it comes out tax free.

How enrolling in Medicare impacts your HSA

Once you enroll in Medicare Parts A, B, C or D, you can no longer contribute to your HSA.

However, you may continue to withdraw money from your HSA after you enroll in Medicare to help pay for medical expenses, such as deductibles, premiums, copays and coinsurance.

Resources

Tools
Blue Open Access HSA

Health Equity
healthequity.com
877-713-7712

Kaiser HSA

kp.org/healthpayment
877-761-3399