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The Health Savings Account allows you to put money aside and withdraw it, tax-free, as long as you use it for qualified medical expenses like deductibles and copays. The IRS allows for $4,300 to be contributed to a Health Savings Account for single coverage and $8,550 for family coverage. Â鶹ӰԺ State will contribute $1,300 dollars towards the Health Savings Account for employees enrolling in single coverage and $2,000 for enrolling in family coverage, and those dollars are yours to keep.

HSAs build tax-free interests, plus they roll over year to year. You can contribute to a Health Savings Account and increase or decrease contributions throughout the year. Again, the health savings account is yours to keep even if you leave or retire from Â鶹ӰԺ State. There will be planned comparisons displayed in the Open Enrollment web pages under the medical plan area for your review.

Yes, Â鶹ӰԺ State will again contribute $1,300 for a single high-deductible medical plan or $2,000 for a family high-deductible medical plan. For 2025, the IRS maximum TOTAL contribution limit is $4,300 for a single high-deductible medical plan and $8,550 for a family high-deductible medical plan. The employer contribution will be posted to your PNC HSA account 2-3 business days after your first pay date in 2025.

2025 HSA Contribution Limits

Similar to IRAs and 401Ks, enrollees ages 55 and over can elect to make catch-up contributions of $1,000 above the IRS limit for individual and family plans.  

The IRS has set qualifying requirements to enroll in a health savings account, such as:

• You must be enrolled in a qualified high-deductible health plan.
• You must not have other medical coverage.
• You must be 18 or older
• You cannot be enrolled in Medicare
• You cannot be claimed as a dependent on someone else's tax return.
• You cannot be enrolled in a health care flexible spending account (FSA) or a health reimbursement account (HRA)

Individuals reaching the age of 65 and who are NOT enrolled in Medicare can have an HSA and contribute to it. Individuals enrolled in Medicare, cannot have an HSA. If Medicare enrollment is completed mid-year, the cardholder can continue using the HSA funds, but will lose the ability to contribute to the account. It is your responsibility to notify the university if you enroll in Medicare and are no longer eligible for an HSA.

For further questions on Medicare and the HSA, please contact PNC Customer Service at 844-356-9993.  

If you enroll in a HDHP, you can still enroll in the dependent care ("daycare") flexible spending account, but you cannot enroll in the health care flexible spending account.

Learn even more about HSAs with PNC Bank's Health Savings Account Educational Library (PDF).