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Save Smart, Live Well
A Health Savings Account (HSA) helps you pay for qualified medical expenses that your health plan may not cover. Unlike a Flexible Spending Account (FSA), your HSA belongs to you, not Auburn University.
Both you and Auburn University can contribute money to your HSA. Funds roll over from year to year, and the account stays with you even if you change jobs or retire.
Why an HSA Is a Smart Choice
HSAs offer a unique triple-tax advantage that can help you save for current and future health care expenses:
- Tax-free contributions through payroll deduction.
- Tax-free growth on earnings in your account.
- Tax-free withdrawals when used for eligible medical expenses.
These benefits can help lower your taxable income while building savings for health care expenses.
2027 Contribution Limits
You may change your Health Savings Account contribution amount at any time during the year.
| Coverage type | Annual contribution limit |
|---|---|
| Employee-only coverage | $4,500 |
| All other coverage levels | $9,000 |
| Age 55 or older catch-up contribution | Additional $1,000 |
If you are age 55 or older, you may contribute an additional $1,000. The annual limits include contributions made by both you and Auburn University.
Auburn’s Contribution to Your HSA
To receive Auburn’s HSA contribution, you must:
- Open your HSA.
- Contribute at least $60 per year to your account.
On a smaller screen, scroll horizontally to view all table details.
| Coverage type | Auburn’s contribution |
|---|---|
| Employee-only coverage | $300 |
| All other coverage levels | $600 |
Important: If you enroll in an HSA on or after July 1, Auburn’s contribution will be reduced by half.
FAQs
To be eligible, you must:
- Be enrolled in a High Deductible Health Plan (HDHP)
- Not be covered by a non-HDHP medical plan, such as a spouse’s PPO or HMO, or a Health Care FSA (except dental, vision, accident, etc.).
- Not be enrolled in Medicare, Medicaid, TRICARE or CHIP
- Not be claimed as a dependent on someone else’s federal tax return
You, Auburn University, or even a family member can contribute. And all contributions, including payroll deductions, are tax-free.
No. You must be enrolled in a qualified HDHP to contribute to an HSA. Traditional health plans don’t qualify.
Call HealthEquity at 1-866-346-5800 or visit healthequity.com. Support is available 24/7, every day of the year.
