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Health Savings Accounts

Overview

Health Savings Accounts (HSAs) may be offered by participating employers to OEBB members as a valuable part of your benefits package. 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 may contract with any vendor they choose to administer these accounts. 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.

*Effective October 1, 2019, OEBB plans that qualify as a high-deductible health plan are Kaiser Permanente Medical Plan 3 and Moda Health Medical Plans 6 & 7.

What is a 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.

*Effective October 1, 2019, OEBB plans that qualify as a high-deductible health plan are Kaiser Permanente Medical Plan 3 and Moda Health Medical Plans 6 & 7.

Learn More

OEBB-participating employers each contract independently for HSA account administration services. OEBB does not provide these services nor recommend any particular vendor. If you are an OEBB member thinking about starting an HSA account, check with your employer to learn more about your options.


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