Health Savings Account (HSA)
When you are enrolled in a Qualified High Deductible Health Plan (QHDHP), such as our Anthem 6500 HSA Plan, and meet the eligibility requirements, the IRS allows you to open and contribute to a Health Savings Account (HSA).
This benefit is offered through P&A Group and only applies to those who have the Anthem 6500 HSA plan.
What is a Health Savings Account (HSA)?
A Health Savings Account (HSA) is an individually owned account that you may contribute to with pre-tax dollars and then use the funds to cover current and future medical expenses incurred by you or your dependent.
The IRS Maximum for 2027 is $4,500 individual and $9,000 family. If you over contribute there is a penalty. This maximum includes any employer contributions so be mindful of what you are electing below.
To qualify for an HSA, you must be enrolled in a High Deductible Health Plan (HDHP), which is our 6500 medical plan.
You may not contribute to an HSA if you are covered by other health insurance, enrolled in Medicare, or can be claimed as a dependent on someone else’s tax return.
In 2027, XKIG will contribute $500 for individual coverage and $750 for coverage that includes dependents in HSA funds to those enrolled in the HSA 6500 plan, if you meet certain qualifications.
You must complete your annual physical and open a P&A HSA account. Contributions will be made tri-annually (April, August, December) provided you have completed your physical. Payments will not be retro added so to get the full amount, you must complete your physical and have an open account by March 31, 2027 for the first payment in April.
Remember, there is no retro funding for mid-year enrollment.
When opening your account, use your current residential address. Do not use a post office box or a non-US address. Because an HSA is a bank account, government compliance does not permit PO boxes. If a PO box is provided, the HSA will not be established.
Are You Eligible To Open A Health Savings Account (HSA)?
Although everyone is able to enroll in the Qualified High Deductible Health Plan, not everyone is eligible to open and contribute to an HSA.
If you do not meet these requirements, you cannot open an HSA:
- You must be enrolled in a Qualified High Deductible Health Plan (QHDHP).
- You must not be covered by another non-QHDHP health plan, such as a spouse’s PPO plan.
- You are not enrolled in Medicare.
- You are not in the TRICARE or TRICARE for Life military benefits program.
- You have not received Veterans Administration (VA) benefits within the past three months.
- You are not claimed as a dependent on another person’s tax return.
- You are not covered by a traditional health care flexible spending account (FSA). This includes your spouse’s FSA. Enrollment in a limited purpose health care FSA is allowed.
2027 IRS HSA Contributions
You are able to contribute to your Health Savings Account on a pre-tax basis through payroll deductions up to the IRS statutory maximums.
The IRS has established the following maximum HSA contributions. The annual limit must include the employer amount that is provided to you, the employee.
- $4,500 Individual
- $9,000 Family
- If you are age 55 and over, you may contribute an extra $1,000 catch-up contribution.
Plan Documents & Resources
PA HSA WCS Welcome Guide Updated 8 2026
PA HSA Participant Overview With Mobile App 2026
Fees will be incurred if your Chard Snyder account is not closed. Please submit the closure form to Chard Snyder
CS HSA Individual Participant Fees
