HSA 101

A Health Savings Account (HSA) is a tax-favored personal savings account that works with your High Deductible Health Plan (HDHP). You can use it to pay for qualified medical expenses such as deductibles, copays, over-the-counter items, dental and vision care. This provides you the opportunity to put pre-tax money aside to help pay for your out-of-pocket medical expenses—giving you ultimate control over how you spend your health care dollars.

You choose how much to set aside for health expenses up to the IRS maximum:

• $4,150 for single coverage annually
• $8,300 for family coverage annually
• An annual catch-up amount of $1,000 is available for employees over age 55.

Acadia Adds Money to Your HSA!

  • $500 annually for employee-only coverage
  • $1,000 annually for family coverage

Acadia makes a per-pay-period contribution to your HSA, distributed equally over 24 pay periods to help you pay your deductible, out-of-pocket healthcare costs or save for the future.

In order to receive the company contribution, you must enroll in the HSA.

Learn More

Have Questions About the HDHP or HSA?

Schedule an appointment with a benefits counselor or contact MyHR at 844.866.1475 Monday-Friday, 8 a.m. – 5 p.m. CT.

Benefits of an HSA

Grows with you
The money in the account is yours to invest and the earnings are tax-free.

Offers a triple tax benefit
It’s tax-free when you contribute, earns interest tax-free and is tax-free when you spend it on eligible expenses or after age 65.

Account always stays with you and rolls over year-to-year
Your HSA is portable even if you change jobs and it can help you build a nest egg for medical emergencies or retirement.

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