Health Savings Account

The Health Savings Account (HSA) is an individually owned account that lets you set aside money on a pre-tax basis (which lowers your taxable income) to pay for qualified medical, dental and vision expenses.

You can use the funds in an HSA at any time to pay for qualified medical expenses, or you can save the money for future expenses. You own the account, and the money is yours to use now or save and grow. The money rolls over from year to year, continues to earn interest, tax-free, and you never lose or forfeit the balance. You may optionally choose to invest a portion of your HSA balance.

You may open and contribute to an HSA only if:
• You are enrolled in one of the qualified plans offered: $3,200 PCB HSA, $5,000 PCB HSA, BSP $5,000 HSA, BSP $3,200 HSA
• You are not covered by another non-HDHP (including a spouse’s plan and/or a General-Purpose healthcare FSA set up by you or your spouse)
• You are not enrolled in Medicaid, Medicare or TriCare
• You are not eligible to be claimed as a dependent on another person’s tax return
• You nor your spouse may have a Medical FSA

HSA Funding
Spotlight will make the below annual contributions to your HSA accounts per bi-weekly paycheck starting January 1, 2026. Individuals age 55 and older can make a catch-up contribution of an additional $1,000 during the 2026 calendar year. However, account holders age 65+ who are enrolled in Medicare are no longer eligible to make contributions into an HSA or receive employer contributions to an HSA.