If you are a High Deductible Health Plan (HDHP) participant and meet eligibility requirements, it’s not too late to contribute to a Health Savings Account (HSA).
Advantages of an HSA:
- Pre-tax, payroll contributions
- Tax-free withdrawals for qualified medical expenses (including prescription drug, vision, and dental expenses)
- Account balance rolls over, year over year
- Money remains available for qualified expenses even if you change health insurance plans, change employers, or retire
To enroll in the HSA:
- Log in to CUBES, confirming access through multi-factor authentication (DUO)
- Click the My Benefits Summary tab at the top of the screen; and select “Change My Health Savings Account Contribution”
- Select “+Add ” next to the Health Savings Account (HSA)
- You must confirm eligibility every year
- Complete the eligibility questions and “Set Up Your HSA Contribution”
- Enter your contribution amount and “Add to Cart”
- Review your election in Your Cart, then “Checkout” to save your HSA election
- Click on View and Print your confirmation
You may not be eligible if:
- You have additional non-HDHP medical plan coverage
- You or your spouse has a Healthcare Flexible Spending Account (FSA)
- You are listed as 'dependent' on another person’s tax return
- You are enrolled in Medicare (Part A and/or Part B)
2025 Maximum HSA contribution limits:
- Employees who elected the High Deductible Plan – Single coverage: $4,300
- Employee who elected the High Deductible Plan – Family coverage: $8,550
- Catch-up contributions: Employees at least age 55 and not enrolled in Medicare - $1,000
If you have any questions, please contact the Columbia Benefits Service Center, Monday to Friday from 9 a.m. to 4 p.m. by phone: 212-851-7000, or email: [email protected].
