Health Savings Account (HSA)

EXCITING NEWS!!! We understand how important it is to have freedom to make your own decisions regarding your health care dollars. Denbright believes strongly in helping employees save for future medical expenses and will contribute $500 to your HSA.

*$250 contribution in January and $250 in July

**All benefit eligible employees from July 1 through December 1 will receive a maximum employer contribution of $250

What Is An HSA?

A Health Savings Account (HSA) (administered by Paylocity) is a personal healthcare bank account that you can use to pay out-of-pocket medical expenses with pre-tax dollars. It is designed to give employees more accountability for their healthcare decisions. An HSA allows you to:

Be prepared for unexpected healthcare expenses not accounted for in your personal finances
Increase tax savings
Save and “roll over” money if you do not spend it in the calendar year
Carry it with you – The money in your account is always yours, even if you change health plans or jobs
Create healthcare savings for retirement

Common Eligible Expenses Include:

As long as you have a balance in your HSA, you may use the funds to pay or reimburse yourself for:

Deductibles, copays and coinsurance
Eligible prescriptions
Vision care, including LASIK laser eye surgery
Dental care, including orthodontia

IRS Publication 502 provides a complete list of eligible expenses and can be found at www.irs.gov.

You Are Eligible To Open An HSA If:

You are covered by an HSA-eligible HDHP
You are not covered by other health insurance
Your spouse is not enrolled in a non-tax-qualified medical plan or flexible spending account (FSA)
You are not enrolled in Medicare
You are not receiving Social Security benefits
You have not received Veterans Administration benefits
You are not claimed as a dependent on someone else’s tax return

HSA Maximum Contribution:

HSA Limits
	2026 IRS Limit	Employer Contribution	Your Maximum Contribution*
Individual	$4,400	$500	$3,900
Family	$8,750	$500	$8,250
Age 55+	Contribute an additional $1,000

*Your maximum contribution is reduced by the match provided by Denbright for participating in the HDHP plan

It is your responsibility to understand your rights and requirements under the tax code for HSA participation, contributions and withdrawals. Denbright assumes no responsibility in the determination of your eligibility for contribution to an HSA under the IRS regulations.

Denbright will not assume any tax responsibility due to ineligibility or inappropriate use of an HSA.