HR, Payroll and Benefits News

Health Savings Account: Why is this the right account for you?

With Annual Benefits Enrollment (ABE) just around the corner, you may be wondering why a Health Savings Account (HSA) is right for you.

Take a look at this ninety second video to help you understand why you should consider an HSA for 2021. Or use ALEX, your personalized benefits counselor, to help you determine why the HSA may be right for you. Remember, you must be enrolled in a High Deductible Health Plan (HDHP) in order to be enrolled in the HSA. Check your HDHP/HSA eligibility too!

If you’re already enrolled in the HDHP/HSA, this may be an appropriate time to make sure you’re getting the most out of your HSA. Review the series of HSA articles released within the last several months to help you make this determination:

Note: Annual Benefits Enrollment will occur September 28 through October 23, 2020.

Source: UW System Human Resources