Health Savings Account

If you enroll in a high deductible plan (Options 2 and 3), you have the option to open a Health Savings Account (HSA).

A Health Savings Account is an individually owned account that lets you set aside money on a pre-tax basis (which lowers your taxable income) to pay for qualified medical, dental and vision expenses.

You can use the funds in an HSA at any time to pay for qualified medical expenses, or you can save the money for future expenses. You own the account and the money is yours to use now or save and grow. The money rolls over from year to year and you never lose or forfeit the balance.

You may open and contribute to an HSA only if you are enrolled in a qualified High Deductible Health Plan (HDHP) and meet other qualifications.

• Four County will match your HSA contribution, up to $50 per month!
• If you are contributing to an HSA, you cannot enroll in a Health Care FSA.
• The agency will contribute seed money (upon first enrollment in an HSA) of $1,000 to an employee only plan and $1,500 to any other plan type (Employee + Spouse; Employee + Children; Employee + Family).