Health Savings Account (HSA)

The High Deductible Health Plan (HDHP) encourages wellness and prevention, wise spending, and health-related savings. The HSA is available in conjunction with the HDHP.

An HSA is a triple-tax-advantaged account where your contributions, account earnings, and qualified withdrawals are tax-free. It is an individual account specifically for qualified medical expenses. USU will be partnering with HealthEquity, an industry leader in HSA administration, for this benefit, starting July 1, 2026.

The money you contribute to your HSA is in an account you control and earns interest. It allows you to save as your budget allows, so you’re prepared when those expenses come up.

HSA money belongs to you if you change medical plans, take another job, or retire. You can make tax-free contributions in 2026 to your HSA up to $4,400/single or $8,750/family. If you are over 55, there is a catch-up amount of $1,000. This money continues to roll over each year.

Note: There may be tax implications for having multiple HSA's or other health insurance. Please contact a tax advisor or meet with the BCBS representative for more information.