Health Saving Account (HSA)

A Health Savings Account (HSA) combines high deductible health insurance with a tax-favored savings account. Money in the savings account can help pay the deductible. And money left in the savings account earns interest and is yours to keep.

For 2026, you can contribute up to $4,400 as a single and $8,750 if you enroll as a family. Additionally, if you are age 55 or older, you are eligible to make a catch-up contribution of $1,000.

You may elect to change your contribution amount at any time throughout the year!

For the 2025-26 plan year, United Electric will make the following contributions to your HSA:

If you enroll as an individual, you will receive a $750 annual contribution.
If you enroll with dependents, you will receive a $1,500 annual contribution.

HSAs are a great way to save money and efficiently pay for medical expenses because they are tax-advantaged savings accounts that accompany high deductible health plans, or HDHPs.

HSA money can be used tax-free when paying for qualified medical expenses. At the end of the year, you keep any unspent money in your HSA. This rolled over money can grow tax-free. Your HSA and the money in it belongs to you—not your employer or insurance company. Learn more:

Health Saving Account (HSA)

How do I access my Health Savings Account (HSA) or order a new card?

How does the HSA work?

What are HSA eligible expenses?

How can I change my HSA contribution?