2019 Health Savings Accounts

If you elect to enroll in the PPO Savings Plan, a Health Savings Account (HSA) automatically is opened on your behalf through HealthEquity. Funds to this account are contributed on a tax-free basis and can be used for eligible health expenses. Unlike the Health Care Flexible Spending Account (FSA), the funds rollover from year-to-year and are yours to use, even if you leave the University.

The contribution limits for 2019 are:

  • $3,500 for Individual coverage
  • $7,000 for Family coverage

To help get you started, Penn State contributes "seed" money into your account after your first January 2019 pay cycle. 

For 2019, the seed money is as follows:

Health Savings Accounts Seed Money
Salary Coverage Penn State Contribution
$45,000 or less Individual $800
Family $1,600
$45,001 - $60,000 Individual $600
Family $1,200
$60,001 - $90,000 Individual $400
Family $800
More than $90,000 Individual $200
Family $400

For questions, contact HealthEquity at 1-866-346-5800.