A Health Savings Account (HSA) is a personal savings account you can use to pay for qualified out-of-pocket medical expenses with pretax dollars — now or in the future. Once you’re enrolled in the HSA, you’ll receive a debit card to help manage your HSA reimbursements. Your HSA can also be used for your expenses and those of your spouse and dependents, even if they are not covered by the HDHP medical plan.
It’s important to identify your goals for the HSA when you enroll. Here are some key questions to help you create your personal strategy.
If you participate in this plan, you may elect to have an HSA Savings Account to pay for any medical, dental or vision expenses, a Limited Purpose Flexible Spending Account to pay for eligible Dental and Vision expenses as well as a Dependent Care Flexible Spending Account to help with dependent care expenses.
Please note you are not able to enroll in the Regular Flexible Spending Account with an HSA.
Due to recent updates to your medical plan, there are important changes to your Cigna Choice Fund TakeCharge Health Savings Account (HSA). You will now manage your HSA through a new website, myChoiceFund.com, and receive a new Choice Fund MasterCard® debit card.
To transfer your HSA to UHC, complete the required form and mail it to Wealthcare Saver, P.O. Box 162177, Altamonte Springs, FL 32716. Submit the form after January 1, 2025, ideally after one or two contributions have been made to your new HSA, allowing you access to some funds during the transfer. The process may take 4–6 weeks, depending on the banks’ capacities. Unfortunately, HR cannot track individual transfers; for updates, contact Wealthcare Saver at (855) 284-4009.
| HSA Information | ||
|---|---|---|
| IRS contribution limits for an HSA account | Single | Family |
| Maximum Contribution | $4,300 | $8,550 |
| Catch-Up Contribution (age 55+) | $1,000 | $1,000 |
| Maximize Your Health Care Dollars | ||
|---|---|---|
| At The Doctor | Tips | Also Remember |
| In-network vs. out-of-network health care professionaIs | Generally, visiting a health care professional who participates within your plan's Cigna network will be less expensive than out-of-network treatments. | In-network doctors typically don't require payment up front for services. You should wait for an explanation of benefits (EOB) that includes the discounted payment amount and your specific amount owed, before paying the health care professional. |
| Shop for lower-cost options | We make cost and quality information part of every health care professional and hospital search in our health care professional directory on myCigna.com. | Review all treatment options with your doctor before you receive care. Less invasive and less costly treatments may be available. |
| Know your costs up front | When you're faced with a costly medical procedure, know your costs up front. Our on line cost estimator tools are personalized to reflect your true out-of-pocket costs - using health care professional and plan discounts, real-time deductible status and available funds. | Most plans cover in-network preventive care (such as a yearly physical) at 100%. (Not all preventive care services may be covered, such as immunizations for travel, so check your plan documents for details.) You can also use your HSA for non-reimbursable dental and vision expenses. |
| At The Pharmacy | Tips | Also Remember |
| Consider options for purchasing prescriptions | Using our pharmacy compare tool, you can compare actual drug costs at retail pharmacies in your neighborhood, as well as identify generic equivalents and home delivery options. Best of all, our tool is mobile-enabled so you can review your options while you are discussing your prescription with your doctor. | Ask your doctor if a generic equivalent is available, and consider using home delivery to help reduce your out-of-pocket costs. |
