Health Savings Account

Summary

The Health Savings Account is available to benefits-eligible Berea College employees who elect our High Deductible Health plan. It allows the employee to payroll deduct tax-free money and place it into an account for medical, dental and vision expenses. The 2020 Contribution Limits are $3,550 (single)/ $7,100 (family) which will be broken up over an employee’s paychecks in the July to June Plan Year. Refer to the graphic below if you have any questions. If you are looking to change the amount that you’re contributing to your HSA, please complete the HSA Salary Reduction Agreement and send it to your Benefits Coordinator.

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