Save Smart, Live Well

An HSA helps you pay for medical expenses that your insurance doesn’t cover. The account belongs to you, not Auburn University.

Both you and Auburn can put money into your HSA.

Why an HSA Is a Smart Choice

HSAs offer three tax benefits:

  1. Contributions are tax-free (taken from your paycheck before taxes).

  2. Money in the account grows tax-free.

  3. Withdrawals for eligible medical expenses are tax-free.

This means you save money while lowering your taxable income.

What Can You Use HSA Money For?

✅ Eligible Expenses

  • Doctor visits and copays
  • Prescription drugs
  • Dental and vision care
  • Insulin (with or without a prescription)
  • Flu shots
  • Emergency room visits
  • Preventive medications (see ACA and HSA drug lists)
  • See IRS Publication 502 for more examples

❌ Ineligible Expenses

Contributions

2026 Contribution Limits

You can change your HSA contribution amount anytime during the year.

Coverage Type Annual Limit
Employee Only $4,400
All Other Plans $8,750
Age 55+ Catch-Up +$1,000

If you're 55 or older, you can add an extra $1,000 each year.

These limits include both your contributions and Auburn’s.

Auburn’s Contribution to Your HSA

To receive Auburn’s contribution, you must:

  • Open your HSA account

  • Contribute at least $60 per year

Annual Salary Coverage Type Auburn’s Contribution
$40,800 or more Employee Only $250
All Other Plans $500
Less than $40,800 Employee Only $450
All Other Plans $900

If you enroll in an HSA on or after July 1, Auburn’s contribution will be cut in half.

FAQs

To be eligible, you must:

  • Be enrolled in a High Deductible Health Plan (HDHP)

  • Not have other health coverage (except dental, vision, accident, etc.)

  • Not be enrolled in Medicare

  • Not be claimed as a dependent on someone else’s tax return

  • You, Auburn University, or even a family member can contribute.

  • All contributions (including payroll deductions) are tax-free.

Type of Coverage Annual Limit
Employee Only $4,300
All Other Plans $8,550
Age 55+ Catch-Up +$1,000

  • These limits include your contributions and Auburn’s contributions.

  • If you're eligible for only part of the year, you can contribute 1/12 of the limit per month.

  • The catch-up amount stays the same each year and doesn’t change with inflation.

  • If you turn 55 during the year, you can still contribute the full catch-up amount.

No. You must be enrolled in a qualified HDHP to contribute to an HSA. Traditional health plans don’t qualify.

Call HealthEquity at 1-866-346-5800 or visit healthequity.com. Support is available 24/7, every day of the year.