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Pflugerville Independent School District

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Health Savings Account

 

 

Employees enrolled in the High Deductible Health Plan (HDHP) are eligible to enroll in a Health Savings Account (HSA). An HSA is an individual-owned account designed for covering both current and future medical expenses.  It is utilized alongside the HDHP. Contribution limits for HSAs are capped at $4,300 for self-only coverage and $8,550 for family coverage. 

 

How much can I deposit into my HSA? 

Each year, the Internal Revenue Service (IRS) sets annual contribution limits for HSAs. These limits are based on your high-deductible health plan coverage level and age. For 2025, the limit for an individual with self-only coverage under a high-deductible health plan is $4,300. For family coverage, the contribution limit is $8,500. These limits include any contribution from you or your employer. If you're age 55 or older, you can contribute an additional $1,000 to your HSA. 

 
 

Eligible employees are any individual that:

  • Is enrolled in a High Deductible Health Plan 
  • Is not covered by other health insurance (non-HDHP)
  • Is not enrolled in Medicare, Medicaid, or Tricare
  • Is not covered by HRA or FSA (some exceptions apply)
  • Cannot be claimed as a dependent on someone else’s tax return­
  • Children cannot establish their own HSA

 

The advantages of an HSA include:

  • Able to be used to pay for current and future medical expenses
  • No use it or lose it rule
  • Funds roll from year to year
  • Tax advantages (contribute money pre-tax, accrue tax-free, withdraw funds tax-free (if used for qualified expenses))
  • Able to change contributions at any time

 

HSA and FSA benefit rules:

  • Participants NOT electing an HSA are permitted to enroll in the general-purpose FSA as long as their spouse does not have an HSA with their employer.
  • Participants who are enrolled in the HDHP AND have an HSA are permitted to enroll in the Limited Purpose FSA to cover dental and vision expenses.

 

General Purpose Flexible Spending Account (FSA) - may be reimbursed for eligible health care expenses not covered by your medical, dental, and vision insurance. 

Limited Purpose Flexible Spending Account (FSA) - this option is for employees enrolled in a Health Savings Account (HSA) eligible plan (HDHP).  Funds may be used for qualified dental and vision expenses.

Questions? 

Visit inspirafinancial.com or call directly at 1-844-729-3539 Monday - Friday 7am - 7pm CST, Saturday 9am - 2pm

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