A health savings account (HSA) is a tax-free bank account that allows you to set aside money for your health care. To have an HSA, you must be enrolled in a qualifying health plan, like the UMP Consumer-Directed Health Plan (UMP CDHP). Unused funds in the account are yours—they can accrue tax-free interest or investment returns and are there when you need them. Members who enroll in UMP CDHP also receive contributions into their HSA from the PEBB program. Deposits are pro-rated and paid on a monthly basis throughout the year up to a maximum of $700 for an individual account and $1,400 for a family account of two or more persons.

In this guide, you'll find information to help you

• learn the basics of how HSAs work
• personalize your plan
• get the most out of your budget