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Health Savings Accounts

Overview

OEBB offers Health Savings Accounts (HSAs) as a valuable benefit for participating employers to offer OEBB members. These accounts, paired with a qualified high-deductible health plan*, allow members to save money by paying lower medical insurance premiums and paying for qualifying healthcare expenses with pre-tax dollars. OEBB-participating employers are not required to offer these benefits, and they have the option to use a different vendor to provide these benefits if they so choose. If you are an OEBB member, please confirm with your employer whether these benefits are available to you and, if so, how to access them.

*OEBB plans that qualify as a high-deductible health plan are Kaiser Medical Plan 3 and Moda Health Evergreen Plan.

What is Health Savings Account (HSA)?

A Health Savings Account (HSA) is like a 401(k) for healthcare. Combined with your qualified high-deductible health plan*, an HSA gives you an easy, safe way to lower your healthcare costs today while saving money for future healthcare expenses.

*OEBB plans that qualify as a high-deductible health plan are Kaiser Medical Plan 3 and Moda Health Evergreen Plan.

Learn More

Learn more about OEBB’s HSAs through their preferred vendor WageWorks (effective October 1, 2015).

Note: OEBB-participating entities are not required to use OEBB's preferred vendor -- they may work with any HSA vendor(s) they choose. If you are an OEBB member thinking about opening a new HSA account, check with your employer's benefits office to learn which vendors you can choose from.

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