Health Savings Account

What is an HSA?
A Health Savings Account (HSA) is an individually owned account that lets you set aside money on a pre-tax basis (which lowers your taxable income) to pay for qualified medical, dental and vision expenses.

You can use the funds in an HSA at any time to pay for qualified medical expenses, or you can save the money for future expenses. You own the account and the money is yours to use now or save and grow. The money rolls over from year to year and you never lose or forfeit the balance.

You may open and contribute to an HSA only if you are enrolled in a qualified High Deductible Health Plan (HDHP) and meet other qualifications.

You will need to open a Health Savings Account that is eligible to receive pre-tax HSA deductions. Most banks and credit unions offer this type of account. Once you have your HSA established, contact Human Resources at HR@starlumber.com for the HSA Direct Deposit Enrollment Form or visit the Benefits section of the Paylocity home page.