Key Information

  • Offered through HSA Bank.
  • Fiscal Year 2025-26 Tax-Free Contributions for participants enrolled in the Public Employees’ Benefits Program (PEBP) PPO – High Deductible Consumer Driven Health Plan (CDHP-PPO)
    • Base Contribution (based on a 7/1 hire date) is $700
    • If enrolled on August 1 or thereafter, participants receive a prorated amount for the remainder of the plan year

Benefits and Limitations of an HSA

Benefits

  • Available to participants of the Consumer Driven Health Plan (CDHP-PPO). 
  • A tax-free account used to pay for qualified medical expenses in conjunction with a High Deductible Health Plan.
  • Receive tax-free contributions from PEBP.
  • Account owned by employee.
  • Eligible to voluntarily contribute pre-tax dollars any time in the year.
  • Changes to voluntary contributions can be made any time in the year.
  • Funds carry over from one year to the next (no “use-it-or-lose-it” provision).
  • Funds grow tax-deferred.
  • Able to use HSA Bank VISA card to pay for qualified eligible purchases directly from the HSA account.
  • Funds are portable – if employment ends, any existing funds in the HSA stay with participant.

Limitations

  • Participants cannot be claimed as a dependent on someone else’s tax return (excludes joint returns).
  • You or your spouse cannot be enrolled in a Medical Flexible Spending Account or HRA, but you may be enrolled in a Limited Scope or Dependent Care FSA.
  • Participants must not have other medical coverage that is not a high-deductible plan, such as the Low-Deductible (LD) PPO, HMO or Medicare plan.
  • Voluntary contributions are made available only after deducted from a paycheck.
  • Not available for HMO participants.
  • Not available for Medicare participants.
  • Reimbursements must be submitted to HSA Bank within a year of the date of service.
  • If participants were previously enrolled in an FSA and are now enrolling in an HSA, participants will need to have a zero balance in the FSA account by the end of the plan year in order to receive and/or make contributions into an HSA.
  • Employees may only contribute additional HSA funds up to the prorated amount equal to the number of months eligible in the calendar year.

Resources

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If you have questions about your benefits, contact your benefits specialist or request an appointment.

The information included on this website is informational only. In the event that the content on this site or any oral or written representations made by any person regarding benefits conflicts with or are inconsistent with the provisions of the plan documents or other governing authority, the provisions of the plan document or governing authority will always prevail.