Health Savings Account (HSA)

If you enroll in the Cigna Basic Open Access Plus with HSA or Cigna Bronze Open Access Plus with HSA plan, you are eligible to open a Health Savings Account (HSA), administered by HSA Bank. An HSA can help you pay for eligible health care expenses such as medical, dental, vision care, and prescription drugs. Click here to learn more.

What’s in It for Me?

• You can set aside pre-tax money from your paycheck to help pay for additional out-of-pocket health care expenses. HSAs give you triple tax advantages:
  1. Your contributions to the HSA are not taxed.*
  2. Payment of qualified expenses is tax-free.
  3. Earnings are tax-free.*
• The HSA is an individual account you own! The entire balance is yours to keep. If you leave the company, the account goes with you.
• You can make changes to your HSA contributions at any time.
• Unused funds always roll over to the next plan year.
• Freedom to control and manage your healthcare spending and savings to grow your balance for future qualified medical expenses, such as those in retirement.

How Much Can I Contribute?

Contributions cannot exceed annual IRS maximums. In 2026, the IRS maximums are $4,400 for individual coverage, and $8,750 for family coverage. If you are 55 or older, you may contribute an additional $1,000 each year.

What about the Fine Print?

HSA Eligibility Requirements:

• You must be enrolled in either the Cigna Basic Open Access Plus with HSA or Cigna Bronze Open Access Plus with HSA.
• You cannot be covered under another non-qualified health plan, including your spouse’s Health Care Flexible Spending Account.
• You cannot be enrolled in Medicare or Tricare.
• You cannot be claimed as a dependent on someone else’s tax return.

*State taxes may still apply in CA, NJ, and AL. For detailed tax implications of an HSA, please contact your professional tax advisor.