If you elect the High Deductible Health Plan (HDHP) and Health Savings Account (HSA), CCSD will contribute either $3,000* (Single) or $6,000* (Family) to your HSA. Use this to pay for IRS-qualified health expenses now or in the future. HSA funds never expire. It's your money — for life.
Log in to Oracle to add an HSA at open enrollment (April 28 - May 9). Remember: You must enroll in the High Deductible Health Plan (HDHP) and Health Savings Account (HSA).
An HSA is a smart way to save and pay for healthcare expenses. And the only health account with three tax benefits:
HSA contributions reduce your federal income taxes.
The funds in your HSA grow and gain interest, tax-free.
If you use HSA funds to pay for IRS-qualified expenses, they’re also tax-free.
Two webinars will be hosted where you can learn more. Details are below with a link to join. No registration required.