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Health Savings Account

Health Savings Account


If you are enrolled in the Bronze Medical Plan you have access to the Health Savings Account (HSA) Administered by PNC. An HSA is like a 401(k) plan but for healthcare. It is a tax-advantaged personal savings or investment account that individuals can use to save and pay for qualified healthcare expenses, now or in the future. Paired with a qualified consumer driven health plan (CDHP), like the Bronze Medical Plan, an HSA is a powerful financial tool that empowers consumers to be more actively involved in their healthcare decisions.

However, unlike other financial savings vehicles (Roth IRA, Traditional IRA, 401K, etc.), an HSA has the unique potential to offer triple tax savings through:

  • Federal & State Tax-deductible contributions to the HSA.
  • Tax-free interest or investment earnings.
  • Tax-free distributions when used for qualified healthcare expenses.

You and/or your employer can contribute to your Health Savings Account.

Employer Contributions to your HSA

If enrolled in the Bronze plan, CrossCountry will contribute funds to your HSA. In addition CrossCountry will match your HSA contribution dollar to dollar up to $1,000.

Coverage Type Annual Employer Contribution Additional Employer Match
Employee Only $1,000 Up to $1,000
Employee + Spouse $1,000 Up to $1,000
Employee + Child(ren) $1,000 Up to $1,000
Family $1,000 Up to $1,000

Employer contributions are made on a per pay basis.

Employee Contributions to your HSA

The IRS sets annual maximums. These annual maximums include both employee and employer contributions:

Coverage Type 2023 Annual Maximum Contribution
Individual $3,850
Family $7,750

If 55+ years old, you may contribute an additional $1,000 per year.