An HSA is an account that lets you set aside money on a pre-tax basis to pay for qualified medical expenses, as defined in the tax law. See IRS Publication 502 (PDF) for more information. By using pre-tax dollars in an HSA to pay for deductibles, copayments, coinsurance, and other qualified expenses, including some dental, drug, and vision expenses, you can lower your overall health care costs.

PXU will contribute up to $1,500 into your HSA and you can contribute more if you choose. Your enrollment portal will apply limits automatically. You can also invest the funds in your HSA and any unused funds from the plan year will carry-over indefinitely.

Note: this account is not tied to your PXU employment and you can contribute to an HSA only if you have an HSA-eligible HDHP.

Warning: Employees who elect the HDHP with HSA option can not also elect a Medical Flexible Spending Account. Instead, they have the option of electing a Limited Care Flexible Spending Account (FSA).The Limited Care FSA is limited to Dental and Vision expenditures only (no medical); please plan accordingly.