Health Savings Accounts - 2020
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.
To help get you started, Penn State contributes "seed" money into your account in January.
|Salary||Penn State Contribution/Coverage|
|$45,000 or less||$800/Individual
|$45,000.01 - $60,000||$600/Individual
|$60,000.01 - $90,000||$400/Individual
|$90,000.01 or more||$200/Individual
(Include PSU seed money in the annual maximum)