Health Savings Account (HSA)
Available to employees who enroll in an HSA medical plan.
Contribution amounts can be changed at any time.
You can enroll in them on the ADP website as a new hire, during Open Enrollment, or if you have a qualifying life event. Note: You must enroll in these accounts each Open Enrollment if you want to contribute the next year, even if you already participate.
Tax-advantaged accounts
Health Care Flexible Spending Account (FSA)
Available to employees who enroll in the PPO plan or do not elect medical coverage through Heritage.
Dependent Care Flexible Spending Account (FSA)
Available to all employees.
For eligible childcare expenses.
Key features at a glance
- Tax-free money. Money goes in tax-free and comes out tax-free when it’s used for eligible expenses.
- Convenient payroll deductions. Contribute to your accounts easily and effortlessly.
With the Select HSA Plan and Essential HSA Plan, you’re eligible to open and contribute money to a Health Savings Account (HSA) through HealthEquity. The HSA is a tax-free savings account that you own. You can use it to pay for eligible health expenses anytime, even in retirement.
The HSA has a triple-tax advantage that trumps even a 401(k) or Roth IRA. And, Heritage will contribute to your account, too!
Put money in tax-free.
You contribute to your HSA through pretax payroll deductions. If you need to, you can change your contribution amount anytime.
Get company contributions.
Heritage will contribute $500 if you have individual coverage, or $1,000 if you cover dependents.
Pay for care tax-free.*
Pay for eligible medical, dental, and vision expenses for you and your family using your HSA debit card (provided sufficient funds are in your account).
Track your spending, check your balance, reimburse yourself, and more on the HealthEquity website.
Grow money for the future tax-free.
All the money in your HSA is yours to keep, year after year. You can build up savings through tax-free interest and even invest your money once it reaches a minimum balance, which gives you the potential for tax-free earnings growth and a way to plan ahead.
Contribution limits
Keep in mind, the maximum amount you and Heritage can contribute to your HSA is determined by annual limits that the IRS sets.
| Contribution limits | Individual coverage | Family coverage |
|---|---|---|
| Company Contribution | $500 | $1,000 |
| Your Annual Maximum Contribution* | Up to $3,800 in 2025 | Up to $7,550 in 2025 |
| Total allowed by the IRS in 2025** | $4,300 | $8,550 |
* If you are age 55 or older, you can contribute an extra $1,000 to your HSA.
** This includes Heritage’s contribution and your own contributions.
Who’s eligible for an HSA?
In order to establish and contribute to an HSA, you:
- Must be enrolled in the Select HSA Plan or Essential HSA Plan, or another qualified high-deductible medical plan.
- Cannot simultaneously participate in the Health Care FSA (but participation in a Limited Purpose FSA is allowed).
- Cannot be enrolled in any other medical coverage, including a spouse’s plan or Medicare.
- Cannot be claimed as a dependent on someone else’s tax return.
You should review IRS rules for making HSA contributions if you will turn age 65 during the year. For more information, see IRS Publication 969.
Getting started
To contribute to an HSA, you must enroll in the Select HSA Plan or Essential HSA Plan. You will elect your HSA contribution amount during enrollment. You can then manage your account through the HealthEquity website.
As you start using your account, keep in mind that you can only spend money that has actually been deposited into your account — your entire annual contribution amount is not available to you from the beginning of the plan year. Your HSA balance will grow as deposits are made from each paycheck.
Do you have an HSA already? Complete the transfer request form to roll over your funds
If you currently have an HSA, you can simplify your account management by transferring your existing HSA balance into your new account through HealthEquity. An HSA Transfer Request Form and instructions will be available on the HealthEquity website. You may be charged a fee to make the transfer depending on your bank. If you don’t take action to consolidate accounts, you may incur a monthly service fee through your HSA bank. The company contribution will not be deposited into previous HSA bank accounts.
Using an FSA is like getting a discount on everyday health and/or dependent care expenses because you’re paying with tax-free money. There are separate FSAs for health care and dependent care. Our FSAs are administered by HealthEquity.
Use your money!
With FSA money, you “use it or lose it.” If you have a balance left in your Health Care FSA as year-end approaches, try to spend as much of it as you can on eligible expenses. In 2025, You can roll over up to $660 to the next year, but and any remaining funds will be forfeited. Request reimbursement or manage your account on the HealthEquity website.
Health Care FSA
A Health Care FSA is available to employees who enroll in the PPO plan or do not elect medical coverage. You can contribute up to $3,300 for the year through pretax payroll deductions to help cover eligible medical, dental, and vision expenses.
Dependent Care FSA
A Dependent Care FSA is available to all employees. You can contribute up to $5,000 for the year, or $2,500 if married and filing taxes separately. You can use FSA funds to help cover your eligible dependent care expenses, including child care for children up to age 13 and care for dependent elders.
How the FSAs works
Choose
Choose your contribution amount when you enroll. You can only change it during the year if you experience a qualified life event, so estimate carefully.
Contribute
Your annual contribution will be divided into equal payroll deductions, but the entire amount is available to you from the beginning of the plan year.
Spend
Spend your money by using your FSA debit card, or log in to the HealthEquity website to request reimbursement for payments you’ve made.
Use It Up
Unused money does not carry over at the end of each year — use it or lose it!