Health Savings Account (HSA)

Save on health care with an HSA through HealthEquity— available if you enroll in a Consumer Choice Plan.

All About the HSA

Enrolled in a Consumer Choice Plan? You can elect to open an HSA during the benefit enrollment process. You can use your account to help pay for things like doctor’s office copays, prescriptions, and dental and vision expenses.

Learn more.

How the HSA Works

1. Open Your HSA

You can open your HSA during the benefit enrollment process. You can choose whether you want to contribute your own money ( select “HSA & Employer Contribution”) or only receive the contribution from Conduent (“HSA Employer Contribution Only).” If you select “Waive HSA,” your HSA will not be opened and you will not receive the HSA contribution from Conduent.

2. Add Money of Your Own (If You Want)

Decide how much (if any) you want to contribute, up to IRS limits. You can change your contributions at any time during the year. Your contributions are taken out of your paycheck before taxes. Here’s how much you can contribute (minus Conduent’s contributions):

Employee-only coverage: $4,150 for 2024 ($4,300 for 2025)
Any level of family coverage: $8,300 for 2024 ($8,550 for 2025)
If you’ll be age 55 by December 31: An additional $1,000 in HSA catch-up contribution

3. Get Money from Conduent

Once you set up your account, Conduent will make contributions into your HSA on the first two paychecks of each month that you remain enrolled in a Consumer Choice plan. You don’t have to add money of your own to receive Conduent’s contributions.

Consumer Choice 2000/4000 Deductible Plan: The maximum amount contributed is $20.85 per paycheck for associate-only coverage and $41.70 for family coverage — that can add up to $500 to $1,000 per year depending on your coverage!
Consumer Choice 4000/8000 Deductible Plan: The maximum amount contributed is $31.25 per paycheck for associate-only coverage and $62.50 for family coverage — that can add up to $750 to $1,500 per year depending on your coverage!

4. Pay for Health Care

HSA dollars can be used anytime — now or down the road. When you have an eligible expense, you can pay for it from your HSA. Or, you can pay out of pocket and leave your untaxed HSA dollars invested.

5. Invest for the Future

Think of your HSA as a savings plan for health care. Once you reach a minimum balance, you can invest your HSA in a wide variety of options, including mutual funds, stocks, and bonds. You’ll pay no tax on HSA interest or investment growth. You will pay fees for investments or trades. Lean more in the HSA Investment Guide. You can manage your account online at my.healthequity.com.

If you enroll in Medicare Part A or B, you are not eligible for an HSA. It’s your responsibility to contact the Workplace Solutions Center at 1.888.471.2271 to stop your contributions and/or Conduent’s contributions.

Get the Tax Savings

When you use your HSA money for eligible expenses, you pay no taxes. But make sure you keep your receipts! If you’re asked to submit a receipt showing it was a qualified health care expense and you don’t have one, you’ll have to pay taxes — along with a 20% tax penalty if you’re under age 65.
Another tax advantage: if you invest your account, all earnings grow tax-free.

HSA Tips

Keep these guidelines in mind.

The money rolls over from year to year. Unlike a Flexible Spending Account, an HSA has no use-it-or-lose-it rule.
The money is always yours. Any money in your account is always yours to keep, even if you leave Conduent. This includes Conduent’s contributions and any interest from earnings.
Non-health-care expenses are taxable. Any money you spend on ineligible expenses is taxable, and you may have to pay a 20% tax penalty.
Keep your receipts! In case the IRS asks you to prove that an expense is eligible for reimbursement, keep copies of your bills and receipts.
Name a beneficiary. It’s important to name a beneficiary for your HSA on my.healthequity.com. This designation is separate from your beneficiaries for life and AD&D benefits and the Conduent Savings Plan. If you pass away, your HSA will transfer to your beneficiary on file.

Eligible Expenses

You can use your HSA to pay for eligible expenses for you, your spouse, and dependents you claim on your tax return (including your children up to age 19, or age 24 if a full-time student), even if they’re not enrolled in a Conduent medical plan. (While the Conduent medical plans cover eligible children up to age 26, the IRS has different rules for HSAs.)

Eligible expenses include:

Medical deductibles and expenses
Dental deductibles and expenses
Office visits (in-network and out-of-network)
Vision expenses, such as eye exams, glasses, and contacts
Prescription drug expenses
Over-the-counter medications
Over-the-counter medical supplies, such as bandages, diabetic supplies, and contact lens solution

For a complete list of covered expenses, visit irs.gov/publications/p502.

How To Pay

You must have the funds available in your HSA before you can use them. If you pay out of pocket now, you can reimburse yourself from your HSA later, when the funds are available using the “Reimburse Me” feature on the member portal dashboard. You can use the debit card you’ll receive to pay for your eligible expenses. You can also issue a payment to a provider directly with the “Pay Provider” feature on the member portal dashboard.

Manage your account online at my.healthequity.com.

The Fine Print

You must meet all eligibility requirements for the HSA. No one can claim you as a dependent on their taxes, you can’t be enrolled in Medicare or Tricare, and you can’t be enrolled in or covered by another person’s Health Care Flexible Spending Account (FSA).
If you’re covering your domestic partner, please speak to your tax advisor for HSA guidelines.