Health Savings Account

Understanding the Health Savings Account (HSA)

An HSA is a savings account that comes with our High Deductible Health Plan (HDHP) plan option. It’s a valuable way to help with your current healthcare costs or to save for healthcare in the future.

The HSA provides powerful tax savings in three ways: you contribute to the account before taxes, you don’t pay taxes when you pay eligible expenses, you don’t pay taxes on any interest your account earns over time.

How it Works

You contribute pre-tax dollars to your account from each paycheck. When you enroll, set your contribution for the upcoming year.
OhioHealth will match your contribution, up to a maximum amount. (See HSA Employer Match table below)
You can use the account to pay for out-of-pocket health care expenses, such as:
- Doctor visits
- Dental and vision care
- Prescription drugs
- Medical equipment
- Over-the-counter health products, such as allergy medicine and bandages

Your withdrawals for eligible expenses are tax-free.

You choose how and when to use your HSA — and it’s always yours to keep, even if you leave OhioHealth.

Go to Health Equity to access your HSA, update your beneficiaries, and learn more about how you can save.

Making contributions

You can start, stop or change your own HSA contributions at any time during the year. To change your contributions:

Log in to Workday here
Click on the Benefits icon
Select ‘Change-Benefits’
Select the ‘HSA Change’ benefit event

If you want to make a lump sum contribution, log in to HealthEquity or call 1 (844) 311-9730.

Get early access with Balance Booster

Need to cover a large healthcare expense? You can get early access to both your own and OhioHealth’s contributions to your HSA using Balance Booster. Download the Balance Booster User Guide for more information.

Download the Balance Booster User Guide