The Health Savings Account (HSA) can be an important piece of your long-term savings plan. It is available to UH employees who enroll in the Consumer Select Plan and meet eligibility requirements. An HSA is a tax-advantaged savings account that you can use to pay for health care expenses. Consider an HSA your health care “piggy bank” that has powerful tax advantages. You decide whether to use your HSA funds for current eligible health care expenses — for you and your eligible family members — or let them grow tax-free to pay for future eligible expenses, even in retirement. In other words, the HSA helps you save and earn money on a tax-free basis to pay for eligible health care expenses.
Click here to watch a short video about how the HSA works. Click here for some Frequently Asked Questions about the Consumer Select Plan with HSA. For additional resources, and to access your account, go to https://mybenefitwallet.com/solution-hsa.html or call the BenefitWallet Service Center at
1-877-472-4200, Monday through Friday, 8 a.m. – 11 p.m.
To establish and participate in an HSA and receive UH’s contributions, you must meet these requirements:
- You must be enrolled in UH’s Consumer Select Plan with an open HSA account.
- You cannot have coverage for medical care under a plan that is not a high deductible health plan, including coverage as a dependent under another plan.
- You cannot have coverage under a flexible spending account, either UH’s Flexible Spending Account (other than the UH Consumer Select Health Care FSA) or your spouse's or another employer's flexible spending account.
- You cannot be claimed as a dependent on someone else's federal tax return.
- You cannot be enrolled in Medicare Parts A or B. This includes Medicare Part A which you are automatically enrolled in if you sign up for Social Security benefits. If you enroll in any part of Medicare, it is your responsibility to contact the HR Benefits Center to discontinue UH’s contribution to your HSA, as well as any payroll contribution of your own. If you do not discontinue the HSA contributions, you may incur a tax penalty. To stop your HSA contributions, call or email the HR Benefits Center at HRBenefits@uhhospitals.org or 1-877-471-7522, option 1 as soon as possible but no later than the 15th of the month before Medicare coverage begins. Changes to the HSA contributions can only be made prospectively. Click here for more information.
Opening Your HSA
It is very important if enrolled in the Consumer Select Plan, that you open your HSA. UH cannot process the employer contributions to your HSA until it is open. You may lose UH funding if you wait to open your account.
To open a new HSA, click here. Once you complete the online process, you will receive a welcome kit.
EDA and Your Contributions
Once your account is open, you can also elect (through Employee Direct Access) to make your own pre-tax contributions to your HSA – up to the annual IRS limit – through payroll deductions. Click here for instructions. See below what you and UH can
You can start, stop, or change your HSA contribution amount at any time during the year through Employee Direct Access.
HSA Contributions for 2018
You must open your HSA account to receive the UH contribution to your account. If you enroll in the Consumer Select Plan for 2018 and open your HSA account, UH will contribute up to $500 for employee only coverage or up to $1,000 if you enroll dependents.
University Hospitals will contribute to your HSA based upon your enrollment date. If you enroll for 2018 coverage during open enrollment and open your HSA account by December 15, 2017, UH will make semi-monthly contributions to your account. (Note: If you’re not enrolled for the entire year, UH’s contribution will be prorated based on the number of remaining pay periods in the calendar year).
UH contributions are made semi-monthly and are paid directly to your HSA account 7-10 days after the paycheck date. Budget and save for your share of health care costs by electing pre-tax contributions from your pay.
|UH semi-monthly contribution
|Any family coverage option
You may also contribute to your HSA on a tax free basis up to 2018 IRS annual maximums:
- Up to $3,450 for individual coverage
- Up to $6,900 for family coverage
- Plus an extra $1,000 “catch-up” if you are age 55 or older
* The IRS maximum includes the HSA contribution from UH.
Online Access to Your HSA
Once your account is open, you can register at BenefitWallet for 24-hour access to your personal HSA information and use online tools to help see how an HSA could work for you. Click here for a step-by-step guide on how to register for the first time.
- Once registered, in addition to the debit card and checks to pay for your eligible
health care expenses, you have the option of paying your bills online through Direct Bill Pay. Click here for Direct Pay information.
- Any balance left in your account rolls over to the next year and you can keep building a balance to use during retirement. And remember, since the HSA is yours, you keep the entire account balance even if you change jobs or retire.
The HSA and Consumer Select Plan Health Care Flexible Spending Account (FSA)
When you enroll in the Consumer Select Plan, you have an additional opportunity to use pre-tax money to pay for eligible dental and vision expenses only by enrolling in a Consumer Select Plan Health Care Flexible Spending Account. This is a different type of FSA where funds are limited to use for dental and vision expenses only, but still requires you to use all funds in the year of election or will be forfeited.
Important: Because these monies do not roll forward like the HSA and are subject to “use it or lose it” rules, it is recommended that you maximize contributions to your HSA first before contributing to the Consumer Select Health Care FSA. Dental and vision expenses are also eligible for reimbursement through the HSA.
You can set aside between $130 and $2,600 a year in the Consumer Select Health Care FSA, which reimburses for eligible dental and vision expenses only, including:
- Deductibles, copayments, and coinsurance amounts not paid by dental or vision insurance
- Contact lenses and solutions
- Eyeglasses and exams
- Laser eye surgery
Based on IRS rules, you cannot participate in a traditional health care FSA when you enroll in the Consumer Select Plan, since you will use your HSA to pay for qualified health care expenses, including dental and vision, on a pre-tax basis. Click here for more information about Flexible Spending Accounts.