Health Savings Account (HSA)

An HSA is a powerful tool that can help you spend less on current health care expenses and save for your future. Your HSA funds can be used for all eligible medical, prescription drugs, dental, and vision expenses.

If you’re eligible, when you enroll in the CDHP with HSA, Optum Bank — our HSA partner — will set up an HSA for you and issue a debit card to access your funds. Optum Bank may contact you if they have questions regarding your eligibility. You can reach Optum Customer Care at 1-866-234-8913. Learn more.

For 2023:

• You can contribute up to the IRS limits each calendar year. The limit is lower if you only cover yourself, and higher if you cover yourself and at least one dependent. The IRS announces the upcoming year’s contribution limits annually.
• If you’re age 55 or older (or will turn age 55 during the plan year), you can make additional “catch-up” contributions of up to $1,000 to your HSA.
• If you enroll in the CDHP with HSA plan, you may also receive an HSA contribution from Hertz. The Hertz contribution are deposited as soon as administratively possible.
• The annual contribution maximums set by the IRS include both your contributions and Hertz’s contributions.

See HSA – Optum Bank in the Document Library to learn more.