HSA eligibility
To be eligible to contribute to an HSA, you must meet the following criteria:
1. Are covered under the PEHP Summit Star Plan.
2. Are not covered under any other non-HDHP health coverage.
- Disqualifying examples of coverage include:
- Medicare coverage
- Coverage under a spouse’s or parent’s health insurance coverage
- Access to an FSA
- Access to an HRA which covers pre-deductible medical expenses
- TRICARE coverage
- Cannot be claimed as dependent on someone else’s tax return.
For additional detail regarding HSA eligibility requirements, see the following websites: www.HealthEquity.com/learn/how-an-hsa-works
Health Reimbursement Arrangement (HRA)
Health Reimbursement Arrangements (HRAs) are employer-funded group health plans from which employees are reimbursed tax-free for qualified medical expenses up to a fixed dollar amount per year. Unused amounts may be rolled over to be used in subsequent years. The employer funds and owns the arrangement. Health Reimbursement Arrangements are sometimes called Health Reimbursement Accounts.
If you do not meet the eligibility criteria for the Health Savings Account (HSA) your City contribution will be contributed to the PEHP administered HRA Plan.