Important Information for New HSA Participants

All financial institutions are required by federal law to obtain, verify and record information that identifies each person who opens a Health Savings Account. This information will be verified when you go online to create/activate your account with the health savings account vendor (Optum).

When you go online to create your account, the health savings account vendor may ask for your name, street address, date of birth, social security number, and other information that will allow them to identify you. In some cases, (e.g. if you moved recently and your new address is not on file with the appropriate government agency), you may be asked to provide proof of your identity by providing a copy of your utility bill verifying your address or a copy of your Social Security card if the number does not match the verifying source’s records.

You will not be able to access your Health Savings Account until your identity is verified by the benefit administrator (Optum) and you have created/activated your online account.

Initial Account Setup

Go online to and follow the prompts for Participant Login and to create your new username and password or go directly to HSA New User Login.

Enter your First Name, Last Name, Zip Code, and Social Security Number (SSN) to begin the identity verification and account creation process.

A Health Savings Account (HSA) is a funding program that allows you to put money aside for eligible medical care expenses tax-free.  Unlike the flexible spending account, a HSA allows you to “roll-over” unused dollars into the next year.  There is no “use it or lose it” provision.  Furthermore, your funds can be invested and grow much like the funds in a retirement account.  Earnings are tax-free.

Who is eligible?

  • Must be enrolled in the HDHP medical plan
  • Must not be enrolled in Medicare
  • Must not be covered by other medical insurance
  • Must not have received VA medical benefits at any time in the past three (3) months
  • Spouse is not contributing to/participating in a general-purpose FSA through their employer

Eligible employees may contribute up to the limits established by the federal government.  If contributions are made through payroll deductions, they will be made pre-tax.  Participants will receive IRS forms 5498 and 1099 to aid in tax preparation.  The participant is responsible for documenting that all withdrawals have been used for qualified medical expenses and they will be liable for state and federal taxes if the expenses were not qualified medical expenses.

The money in your account is yours as soon as it is deposited into your account.  You can change your HSA contribution at any time by logging into the Benefits Portal.  You can use your HSA to pay for qualified expenses for your dependent family members even if they are not on your health insurance.  You can change health care coverage or change jobs in the future and still keep the money in your account.

HSA Contribution Limits

HDHP Coverage Contribution Limit 2021 Contribution Limit 2021 if 55+ Contribution Limit
Contribution Limit
2022 if 55+
Employee $3,600 $4,600 $3,650 $4,650
Employee + (1) $7,200 $8,200 $7,300 $8,300
Employee + (2+) $7,200 $8,200 $7,300 $8,300

Health Savings Account (HSA) Funding

.75 FTE and above Level 1 Level 2 Level 3
Employee $100.00 $0.00 $121.75 $21.75 $143.50 $43.50
Employee + (1) $200.00 $0.00 $243.50 $43.50 $287.00 $87.00
Employee + (2+) $200.00 $0.00 $243.50 $43.50 $287.00 $87.00
.50-.74 FTE Level 1 Level 2 Level 3
Employee $80.00 $0.00 $90.88 $10.88 $101.75 $21.75
Employee + (1) $160.00 $0.00 $181.75 $21.75 $203.50 $43.50
Employee + (2+) $160.00 $0.00 $181.75 $21.75 $203.50 $43.50