Advantages

• Triple-tax savings
• High contribution limits to maximize tax savings
• Money earns interest and grows tax free
• You own it – there’s no “use it or lose it”
• Save for future health care expenses or for eligible expenses during retirement
• Pair with an LPFSA for even more tax benefits
• Conveniently pay for care with the YSA debit card

Limitations

• Only eligible to contribute to an HSA if you are enrolled in Option C coverage under the Medical Plan, which has a higher deductible and out-of-pocket maximum than other available Firm-provided medical options
• Cannot contribute to an HSA if you have a Health Care FSA or are already receiving Medicare benefits
• Your HSA contribution election is not prefunded on the day your new benefits begin (January 1 if you elect an HSA during Annual Enrollment)