Did You Know - Health Savings Accounts (HSAs)

Health Savings Account (HSA)

Did you know that if you are enrolled in the BlueEdge HDHP you can set aside pre-tax contributions from your paycheck into a Health Savings Account (HSA) administered by BenefitWallet?  Not only can an HSA be utilized for your eligible out of pocket medical, vision and dental expenses, but it has a lot of other great features such as:

• Higher contribution limits that roll over year to year:

​     $3,500/year with employee-only coverage

     $7,000/year with dependent coverage

     +$1,000/year “catch-up” if age 55 or older

*OSU contributes $83.34 per month (up to $1000 per year) into your HSA for those enrolled in BlueEdge employee-only and $125 per month (up to $1500 per year) with dependent coverage

**Contribution elections can be made throughout the year without a qualifying event

• Investment options: upon reaching $1000 in your account, you can set up an HSA Investment

     Account to diversify and grow your savings tax free.

• Account ownership: you own your account, and it goes with you if you leave the University. 

For more information please visit www.mybenefitwallet.com or contact OSU Benefits at 405-744-5449, osu-benefits@okstate.edu or 106J Whitehurst.