High Deductible Health Plans (HDHPs) usually have lower monthly premiums than plans with lower deductibles. By using the untaxed funds in your Health Savings Account (HSA) to pay for expenses before you reach your deductible, you reduce your overall healthcare costs.
There are three types of expenses associated with an HDHP: deductible, coinsurance, and out-of-pocket limit. These may work differently than you expect if you haven't had an HDHP before.
Program Option
State Employee and Retiree Health Plan & Supplemental Benefits
Here for open enrollment? Just start a new job? Or have a baby? Start here to find out when you can enroll or make changes to your benefits and the steps to make those changes
Plan Year
2024
Program Option
State Employee and Retiree Health Plan & Supplemental Benefits
A Dependent Day Care Account is a pre-tax benefit used to pay for eligible day care expenses for qualified dependents in order for you (or your spouse) to work, look for work, or attend school full-time.
Plan Year
2024
Program Option
State Employee and Retiree Health Plan & Supplemental Benefits
Here for open enrollment? Just start a new job? Or have a baby? Start here to find out when you can enroll or make changes to your benefits and the steps to make those changes
Plan Year
2024
Program Option
Local Deductible Health Plan with Uniform Dental (PO4) & Supplemental Benefits
Your Health Savings Account (HSA) dollars can grow over time, especially if you decide to compound your funds. The amount you save depends on how you choose to use your HSA funds.
Funds in your HSA account will earn interest over time. Once your balance reaches $1,000, you may invest any funds above that level (in any increments) in a variety of HSA investment options with varying levels of related risk and returns.
Program Option
State Employee and Retiree Health Plan & Supplemental Benefits