HSA Health Savings Account
Health Savings Account (HSA) | HDHP Core plan only
A health savings account is used to help offset the cost of a qualifying high-deductible health plan (HDHP) and provide savings for your out-of-pocket eligible health care expenses.
An HSA is portable and it’s yours to keep, even if your employment ends. Once established, money is contributed by yourself and VPP. This allows you to use tax free dollars to pay for eligible health care expenses, like doctors’ visits and prescriptions. Deposits are tax -free, and you get tax-free withdrawals if the money is used toward eligible healthcare expenses. Any unused funds at the end of the plan year will carry over to the next year.
If you elect the HDHP, VPP will contribute $1,100 annually, funded on a biweekly basis ($42.31 per pay period). The VPP contribution is prorated for mid-year enrollees. There is a $1,000 catch up contribution if you are 55 or older.
The 2025 IRS contribution limit is $4,300 for single coverage and $8,550 for family coverage. In addition to the VPPs’ $1,100 contribution, you will be able to contribute up to $3,200 for individual coverage and $7,450 for family coverage.
To be eligible for the HSA account, you must not be a participant in another medical/prescription drug plan that is not a qualified HDHP (such as a spouse’s plan), Medicare, Medicaid, or Tricare. You are also ineligible if you can be claimed on another person’s tax return as a dependent.
How does your HSA work?
When you visit your Aetna or Meritain Health doctor you should never pay at time of service. Your doctor/facility will submit claims on your behalf to Aetna or Meritain Health. If you are seeing an out-of- network provider, those claims are your responsibility. After your claim is processed and the in-network Aetna or Meritain Health discount is applied, your doctor will bill you for your responsibility. You will also receive an Explanation of Benefits (EOB) from Aetna or Meritain Health showing your responsibility.
You can then use your HSA Debit Card to pay your portion. To pay, call the doctor/facility and provide them with your card information. If you receive a paper bill, there is a section on the bill where you may enter your card information to make a payment.
Your HSA account with UMB will automatically be opened for you. If you do not receive a welcome package or card in the mail within 15 business days, please contact UMB:
Customer Service: 866-520-4472. Enrollment Verification Number: 0044008460003
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