Health Savings Account (HSA)

A Health Savings Account (HSA), managed by WEX, works alongside the UMR Silver and UMR Gold with HSA healthcare plans. 

• A HSA is a tax-advantaged savings account that you use to pay for IRS-qualified healthcare expenses as well as deductibles, coinsurance, prescriptions, vision and dental care

  • Unused funds will roll over year to year (no “use it or lose it”penalty)

  • Potential to build more savings through investing

  • Additional retirement savings—after age 65, funds can be withdrawn for any purpose without penalty 

• Contributions made by all parties to a Health Savings Account (HSA) cannot exceed the annual HSA limit set by the IRS 

  • The 2025 annual limits are: 

    • $4,300 Individual​

    • $8,550 Family

      • OAZ matches your contribution up to $25 per pay period

    • If you are age 55 or older, you may contribute an additional $1,000 as a catch-up contribution 

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Note: If you are enrolled in the UMR Silver or UMR Gold with HSA, you may NOT contribute to the Health Care Flexible Spending Account.