Health Savings - HSA, HRA, FSA
Health Savings Account (HSA)
A Health Savings Account is an employee-owned bank account for saving money to pay for medical expenses for members enrolled in a qualified high deductible health plan (Plan C and Plan N).
- Funds the the Heath Savings Account belong to the employee, even if the employee is no longer employed with Kansas State University.
- At the end of each calendar year, any remainig funds in the HSA will roll over into the the next calendar year.
- In addition to employee funds, Health Savings Accounts may be employer funded
An employee is NOT eligible to participate in an HSA if any of the following are true:
- The employee is enrolled in Medicare or TRICARE.
- The employee has a concurrent enrollment in another health plan not considered a Qualified High Deductible Health Plan (QHDHP)
- The employee is eligible to be claimed as a dependent under their parent's tax return.
| Plan A | Plan C^ | Plan N^ | Plan J | |
| Employee HSA contribution | Not Available | $25 per pay period minimum | No minimum required | Not Available |
| FULL TIME Employer HSA contribution | Not Available | $1,000 Employee $2,000 Employee & spouse $2,000 Employee & child(ren) | $500 Employee $1,125 Employee & spouse $1,000 Employee & child(ren) | Not Available |
| PART TIME Employer HSA contribution | Not Available |
$625.20 Employee $1,187.52 Employee & spouse $1,187.52 Employee & child(ren) |
$312.60 Employee $843.76 Employee & spouse $593.76 Employee & child(ren) |
Not Available |
| Deposit Schedule | Not Available | Quarterly, with deposits in January, April, July and October | Quarterly, with deposits in January, April, July and October | Not Available |
| HealthQuest HSA earning potential | Not Available | HSA or HRA Employee maximum of $500 | HSA or HRA Employee maximum of $500 | HRA Employee maximum of $500 |
^Internal Revenue Service (IRS) rules apply. Carefully review HSA requirements for more information. When enrolling in Plan C or N, members have the choice of an HRA or HSA. | ||||
Health Reimbursement Account (HRA)
A Health Reimbursement Account (HRA) differs from a Health Savings Account (HSA). An HRA is employer funded only and represents borrowed funds for out of pocket medical expenses during the calendar year. Unused funds go back to the State at the end of the calendar year or when an employee leaves employment from the university. Employees have 60 days after leaving employment, or the end of the calendar year to claim reimbursement for medical expenses.
| Plan A | Plan C | Plan N | Plan J | |
FULL TIME | Not Available | $1,000 Employee $2,000 Employee & spouse $2,000 Employee & child(ren) | $500 Employee $1,125 Employee & spouse $1,000 Employee & child(ren) | Not Available |
PART TIME | Not Available |
$625.20 Employee $1,187.52 Employee & spouse $1,187.52 Employee & child(ren) |
$312.60 Employee $842.76 Employee & spouse $593.76 Employee & child(ren) | Not Available |
| HealthQuest HRA earning potential | Not Available | HSA or HRA Employee maximum of $500 | HSA or HRA Employee maximum of $500 | HRA Employee maximum of $500 |
When enrolling in Plan C or N, members have the choice of an HRA or HSA. When enrolling in Plan J, members will need to elect an HRA during the enrollment process in MAP to hold any HealthQuest dollars earned throughout the plan year. | ||||
Flexible Spending Account (FSA)
Flexible Spending Accounts (FSA) allows you set aside funds on a pre-tax basis for any qualified medical, dental, vision, or daycare expense. There are five accounts you can enroll in, the Healthcare FSA, Limited Purpose FSA, and Dependent Care FSA.
- The Healthcare FSA allows you to be reimbursed for any qualified medical, dental, or vision expense that is not covered by insurance. Common expenses for the Healthcare FSA include copays, prescriptions, eye glasses, and dental services such as orthodontics.
- If you participate in the Health Savings Account (HSA), you can enroll in the Limited Purpose FSA which allows you to be reimbursed for any qualified dental or vision expense while you save your HSA dollars for future medical expenses.
- If you have a dependent under the age of 13 or adult dependent that is physically or mentally incapable of self-care (must spend at least 8 hours in your household), then a Dependent Care FSA can reimburse you for any daycare costs. Common expenses for the Dependent Care FSA include daycare centers, before/after school care, and adult daycare centers.
Mass Transit FSA allows reimbursement for qualified mass transit tickets or passes, or State of Kansas Vanpools. Unused contributions may be carried over to the following calendar year.
Parking FSA allows reimbursement for parking associated with your daily commute. Unused contributions may be carried over to the following calendar year.
**Neither the mass transit or parking FSAs may be beneficial for most K-State employees since parking is already deducted pre-tax via payroll. These are statewide SOK benefits and would only apply if you take mass transit to work and/or pay for non-KSU parking on a regular basis that is not reimbursed or deducted by K-State.
FSA Healthcare participants can carry over up to to $610 of remaining FSA funds into the next plan year and those funds may be used for qualified medical expenses incurred during that year. If you are enrolling in a Health Savings Account for the first time and previously had a Healthcare FSA, your funds will automatically carry over into a Limited Purpose FSA.
Dependent Care FSA funds do not carryover. The deadline to submit dependent care expenses is April 30th the following calendar year.
Visit the State Employee Health Plan (SEHP) website for more information.
