Augusta University allows employees who are enrolled in the Consumer Choice HSA Plan (formerly HSA Open Access POS) to enroll in a Health Savings Account (tax-advantaged savings account). A health savings account allows employees to make contributions on a pre-tax basis. Employees can use the funds that have been contributed into the account for Qualified Medical Expenses (QME) or for general expenses in retirement.
The University System will provide a monthly match into the account for employees enrolled in both the Consumer Choice HSA Plan and HSA.
*IRS Limits for Calendar Year 2017:
*The 201 limit will be decreased by the match amount. (Example: Family limit will decrease to $6,000.)