Benefits

Health Savings Accounts (HSA)

The University of Alaska offers a health savings account (HSA) to employees enrolled in a qualifying health plan, like the UA Choice Consumer Directed Health Plan (CDHP). This plan allows you to save money on a pre-tax basis for qualified health expenses now and in the future. Funds in this account are never forfeited and can grow over time. Once you've saved at least $1,000, you can invest your funds in various mutual funds for greater growth opportunities. The university's HSA is managed by Bank of America.

Beginning in 2018, the HSA will be a calendar year plan to make it easier to manage your total contributions to the plan. More information is available in this Q and A document, and in the links below.

 

What is an HSA?

What is a "qualified" CDHP?

The Value of the HSA

How do I know if a CDHP and HSA is right for me?

Bank of America HSA for Life

Informational Documents and Videos

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