Health Savings Account (HSA)

Tools and Resources



CONTRIBUTIONS TO YOUR HSA

Once your HSA is established, funds can be used to meet your deductible, pay current eligible medical expenses or be saved for future medical expenses – even after retirement.

Contributions to your HSA can come from:

HSA contributions are owned by you and are portable in the event you leave Emory. 

The HSA is funded in three ways:

1. Emory's Annual Contribution: If you enroll in:

Note: Emory's contribution is prorated based on your enrollment date if after January 1.

2. Incentives: You can earn up to $450 ($900 with a spouse/SSDP) in incentives towards your HSA balance each year by completing various healthy activities.

3. Your Contributions: If you want a way to save tax-free for current or future eligible medical expenses, you can also contribute to your HSA. Contributions to your HSA have no expiration date — they remain in the account until you decide to access them or reimburse yourself for an eligible expense you already paid out-of-pocket. You decide when and how to pay.

NOTE: You must be enrolled in the HSA Plan at the time of contribution in order to receive the contribution. 

 

IMPORTANT:

In accordance with IRS regulations, if you are a new enrollee in the HSA Plan for 2017 (i.e. switching from the POS Plan) and you have a balance in a 2016 Healthcare Flexible Spending Account (as of Dec. 31, 2016), you are not eligible to contribute funds to an HSA or receive any funds in your HSA until April 1, 2017. Make sure your FSA balance is $0 by Dec. 31, 2016.