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You. The HSA is a bank account. All funds deposited are property of the employee.

You must substatiate every charge against your HSA. You can upload a digital copy of your receipt via the Bank of America mobile app for safe-keeping. You need to be able to substantiate the charges against the account in case the IRS requests this information.

You can only use the HSA funds for qualified IRS dependents (legally married spouses, children).

There are two steps required:

(1) Submit a form to UA Benefits
Complete the HSA form (or life event form or new employee form depending on your circumstances) requesting payroll contributions to the HSA. Forms can be found on our main benefit webpage.

(2) Identity Verification Process as Required per the Patriot Act
The IRS requires that an identity verification be completed prior to your account receiving funds. The identify verification process will be sent to your mailing address on file with UA when you initially enroll in the HSA. Please complete this as soon as possible. Delays in completing the identity verification process will result in all funds being returned to you and your account closed.

Contributions will start for your HSA on the first of the month following enrollment in a qualified plan. This means if you enroll in the HDHP with UA on the 15th of the month, your HSA will begin on the 1st of the month immediately following.

Keep in mind that UA pays on a biweekly schedule, two weeks in arrears. This means that if your contributions are made with the 1st of the month, you will not see the deposit until the end of the month. This is because UA has a two week pay period, followed by a two week processing period before pay is disbursed. Review the to see the days within a pay period and when that pay period will have payment disbursed.

You are the sole contributor to the HSA. The The university does not make any contributions to the HSA.

Changes to the HSA are not limited to life events. You can start, stop, or change your HSA at any time as long as you are otherwise eligible at the time you are requesting the update. You can do this by submitting the HSA form to UA Benefits  .

Once you reach a $1,000 threshold in your HSA, you can begin to invest funds in the market. 

The maximum contribution is set each calendar year by the IRS. For calendar year 2025, the maximum contributions are:

• $4,300 individual
• $8,550 family

For calendar year 2026:

• $4,400 individual
• $8,750 family

You can use the HSA to reimburse yourself (or directly purchase) qualified medical expenses. These could include copays, some over-the-counter medications, prescriptions, prescription eye wear, and more! The is a great resource to review qualified expenses and even make purchases.

You must substatiate every charge against your HSA. You can upload a digital copy of your receipt via the Bank of America mobile app for safe-keeping. You need to be able to substantiate the charges against the account in case the IRS requests this information.

You can only use the HSA funds for qualified IRS dependents (legally married spouses, children).