Use My Health Savings Account

  • You must be enrolled in a DPS medical plan to contribute to a Health Savings Account.

    An HSA is an individually-owned, personal health care savings account that you can use to pay out-of-pocket health care expenses with pre-tax dollars. Your contributions are tax-free, and the money remains in the account for you to spend on eligible expenses no matter where you work or how long it stays in the account. Review the HSA eligibility requirements.

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    Your HSA is an individually-owned account

    • You own and administer your HSA.
    • You determine how much you will contribute to your account and when to use the money to pay for eligible health care expenses.
    • You must establish an HSA prior to the date of service for expenses to be eligible for reimbursement.
    • Like a bank account, you must have a balance in order to pay for eligible health care expenses.
    • It is important that you keep receipts for tax documentation.
    • An HSA allows you to save and “roll over” money if you do not spend it in the calendar year.
    • The money in the account is always yours, even if you change health plans or jobs.
    • There are no vesting requirements or forfeiture provisions.

    Use your HSA to pay for qualified medical expenses

    • Use your HSA money to pay for eligible health expenses now or in the future.
    • HSA funds can be used for your expenses and those of your spouse and eligible dependents, even if they are not covered by the DHMP CDHP or Kaiser CDHP. (Dependent children must be your tax dependent.)
    • Eligible expenses include your medical and dental deductibles, copays, coinsurance, eye exams, prescription expenses and LASIK surgery.
    • You can increase or decrease your contribution at any time. View the HSA Contribution Change Form.

    Use this calculator to estimate your annual eligible expenses and determine an annual HSA election amount that’s right for you and your family.

    Individuals age 55 or older may make an additional $1,000 annual catch-up contribution to their HSA.

    How do I access my HSA funds?

    Four easy ways to access your HSA money:

    • Pay my provider: Arrange for convenient direct payments to your health care provider. Simply log into your WageWorks account and fill out a form to have eligible expenses paid directly from your account.
    • Pay me: Withdraw funds directly from your account to pay for eligible expenses. This option works just like an ATM, but without the ATM fees. You may also have HSA funds directly deposited into your bank account or a check mailed to you.
    • Pay me back: Arrange for account funds to be directly deposited into your bank account or a check to be mailed to reimburse you for eligible expenses you've already paid.
    • Pay by debit card: Use the convenient WageWorks Healthcare Card associated with your account to pay for hundreds of eligible health care products and services. If you have more than one WageWorks health care benefit account, this smart debit card knows which account to draw money from first. 

    WageWorks App

    The WageWorks EZ Receipts mobile app puts the power of the WageWorks web portal in the palm of your hand. Download this handy app to your mobile device, log into your account, and check balances, submit claims, view transactions, snap photos of receipts, get account alerts by text or email — all on the go!  

    Does DPS contribute to my HSA?

    DPS will help you start saving by contributing $45.83 per month to your HSA. Additionally, you will have the opportunity to earn a $200 HSA contribution through the Well Aware Campaign. Contributions, including the DPS contribution, cannot exceed the annual IRS contribution maximums. Employees who are at least 55 by December 31, 2017, may contribute additional funds to their HSA (up to $1,000 in 2017).

    Note: HSA contributions are PERA-includible. You and DPS make PERA contributions on your HSA contributions. If you fail to enroll in an HSA account, you will forfeit the $45.83 monthly DPS contribution.

    Maximize your tax savings

    • Contributions to an HSA are tax-free and can be made through payroll deduction on a before-tax basis.
    • If you open an account through a banking institution other than WageWorks, DPS cannot deduct before-tax contributions from your paycheck; you will need to make post-tax contributions directly to the institution and claim the deduction on your federal income tax filing for any amounts you contribute to your HSA.
    • The money in your HSA (including interest and investment earnings) grows tax-free.
    • As long as you use the funds to pay for qualified medical expenses, the money is used tax-free.

    2017 HSA contribution maximums

    The 2017 IRS maximum contributions are as follows:

    • Employee-Only coverage: $3,400
    • All other coverage tiers: $6,750

    Important notes: If you open and fund an HSA, you can contribute to a limited purpose health care FSA (LPFSA). Allowable expenses are limited to eligible dental and vision expenses only. You may contribute up to $2,600 to your LPFSA for for 2017. 

    Individuals age 55 or older may make an additional $1,000 annual catch-up contribution to their HSA.