Health Savings Account

A Health Savings Account (HSA) is a triple tax-advantaged account that allows you to save money that you can then use to pay for qualified Medical, Dental, and Vision expenses. This means that your contributions, interest accruals, and withdrawals are all made on a tax-free basis. The HSA is only available to employees who enroll in the High-Deductible Health Plan.  Money in the HSA can be used to pay expenses that are subject to the deductible under that plan, in addition to non-covered expenses. HSA funds roll over from year to year and, if you leave the University or retire, the account remains with you.