Health Saving Account (HSA) Contribution Information
The HSA helps cover medical expenses until your annual deductible and out-of-pocket maximum are met. NDPERS will contribute to your HSA for each month you participate as follows:
The employer contributions are sent to the HSA vendor on a delayed schedule. For example, the June coverage month contributions will be posted to your HSA account by the end of July.
In addition, you may be able to contribute to your HSA through pre-tax payroll deductions if your employer allows this option. The IRS establishes annual limits of total contributions (both employee and employer paid) that can be contributed to an HSA per calendar year. For 2019, the limits are:
Single HDHP Coverage: $3,500
Family HDHP Coverage: $7,000
Age 55+Catchup: $1,000
If your employer does not allow pre-tax payroll deductions to an HSA, you may contribute on an after-tax basis directly with Sanford Health Plan, and may claim those contributions when you file your annual tax return.