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Health Saving Account (HSA)
A Health Savings Account (HSA) combines high deductible health insurance with a tax-favored savings account. Money in the savings account can help pay the deductible. And money left in the savings account earns interest and is yours to keep.
For 2024, you can contribute up to $4,150 as a single and $8,300 if you enroll as a family. Additionally, if you are age 55 or older, you are eligible to make a catch-up contribution of $1,000.
You may elect to change your contribution amount at any time throughout the year!
United Zion will make an annual HSA contribution of $1,000 if you are enrolling as a single and $2,000 if you are enrolling with dependents!
The contributions will be distributed quarterly.
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