Health Savings Account (HSA)
Young Life offers a Health Savings Account (HSA) administered by HSA Bank to help you pay for your deductible and other qualified out-of-pocket expenses. Only those enrolled in the 80/50 High Deductible Health Plan (HDHP) are eligible for this account, and enrollment is automatic. Details of Young Life’s annual contributions to your HSA are below. These contributions are provided to staff automatically by Young Life:
- Individual in 80/50 HDHP: $700
- All other tiers enrolled (Employee +1 or Family) enrolled in 80/50 HDHP: $1,400
Additionally, you may contribute pre-tax dollars to this account which can be used for eligible healthcare expenses. This account rolls over from year to year and continues to be your personal property if you leave staff.
- Optional employee contribution for individual coverage: up to $3,600 for 2025
- Optional employee contribution for all other coverage tiers: up to $6,850 for 2025
Am I eligible for an HSA?
As stated, to be eligible to make contributions into an HSA account, you must be enrolled in an HSA qualified High Deductible Health Plan. At Young Life, only the 80/50 HDHP plan option is HSA qualified based on the current laws. Please note you may not participate in this plan if you are covered by another traditional medical plan (i.e., a plan without a high deductible), such as a spouse’s plan or Medicare. You are also not eligible to participate in an HSA if someone can claim you as a tax dependent. If you have any questions, please contact HR/Benefits.
What is the maximum that can be contributed to my HSA?
The annual total maximum contribution for 2025 is $4,300 for an individual and $8,550 for all other tiers. There is a $1,000 “catch-up” provision for those who are 55 and over.
What happens if I leave Young Life, can I take my funds with me?
If you leave Young Life, you can take your HSA with you. While you can continue to use your funds for qualified medical expenses, you can only make contributions to an HSA if you are enrolled in a High Deductible Health Plan.
Questions about your HSA account or account balance?
This account works very similarly to a debit card account. Once your HSA is established, Young Life does not have access to your personal account information. If you have any questions about your account balances, please contact HSA Bank directly (see contact information on the last page of this benefit guide).
Note: The High Deductible Health Plan is NOT available to international staff.
HSA Why Contribute
HSA FAQ
