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Health Savings Account (HSA)

Health Savings Account (HSA) *NEW LOCAL CARRIER*

Gulf Coast Educators Federal Credit Union (GO LOCAL)

A Health Savings Account (HSA) is designed to take advantage of Section 125 of the Internal Revenue Code. It allows you to pay  certain  qualified  expenses  on  a  pre-tax  basis,  thereby reducing your taxable income. If you currently have a High Deductible Health Plan (HDHP), a Health Savings Account may be the perfect option for you. Convenient and tax-advantaged, HSAs help offset high deductible health plans, such as TRS ActiveCare HD.

Health Savings Account (Non FSA Compatible) Unlike a Flexible Spending Account (FSA), funds in a HSA can be rolled over and used the following year. As long as you don't go over the limits that apply to your type of insurance coverage, you can contribute as much as you want, as often as you want throughout the year until your tax return date. These funds can be used to pay for eligible medical expenses, such as  deductibles, co-payments, orthodontics, glasses, and more.

*You may start, change or stop contribution, at anytime throughout the plan year.

To do so, please email Benefits at benefits@pearlandisd.org.

Golf Coast Educators HSA vs FSA