Health Savings Account (HSA)
An H.S.A. can be funded with your tax-exempt dollars or contributions made by your employer. This account can help pay for eligible medical expenses not covered by an insurance plan, including the deductible, coinsurance, and even health insurance premiums, in some cases.
Employees covered under Navajo County’s medical plan that complete the participatory activities will receive contributions into their Health Savings/Health Reimbursement Account.
Discover the many uses for your H.S.A. by going to https://learn.healthequity.com/qme
Employees electing the HDHP/HSA $3,500 medical plan will receive an annual employer contribution on $300 deposited into their HSA. New hires will receive a pro-rated amount equal to $25 per month. In addition, we will be matching employee HSA contributions up to $25 per pay check.
Funding
Navajo County creates your account when you enroll.
You can contribute pre-tax in 2027:
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Individual Plan- $4,500
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Employee +1 / Family- $9,000
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55 or older– Additional $3,500
Using Your Funds
You can use the money in your H.S.A. to pay eligible medical, dental, vison expenses, as well as other eligible expenses like long-term care premiums, or you can save the money to use in the future—even in retirement.
You can pay directly from your account using your Health Equity debit card or pay providers online at www.healthequity.com
Investing
The money you don’t use rolls over from year to year. It can even earn interest.
The money in your account is always yours. You can take it with you if you leave Navajo County or retire.
Once your account balance meets a threshold of $2,000, you can invest your H.S.A. dollars in best-in-class mutual funds.
Tax Benefit
Your H.S.A. is triple-tax-advantaged:
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Your contributions are tax-free
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Your money grows tax-free, and
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You don’t pay taxes on your withdrawals when used for eligible expenses.
Health Reimbursement Arrangement (HRA)
A Health Reimbursement Arrangement (HRA) is an employer-funded benefit that reimburses you for qualified out-of-pocket medical expenses.
FREE MONEY? YES, PLEASE
The IRS requires that all HRA transactions be substantiated, meaning that the purchase was an eligible medical expense. This includes transactions made using a payment card. HRAs require no payroll deductions and you don’t need to contribute any money. Your organization will fund the entire account. Plus, all reimbursements for qualified medical expenses are tax-free too.
BRIDGE THE GAP ON ELIGIBLE HEALTHCARE EXPENSES
Your organization sets your annual healthcare reimbursement limit and determines which expenses are eligible. Although it varies by plan design, common eligible expenses include deductibles, coinsurance and copays.
Earn wellness rewards for your HRA account!
Create your account on Health Equity to see your balance, manage funds, ect.
Flexible Spending Account (FSA)
Valuable pre-tax benefits administered by Health Equity.
A Flexible Spending Account (FSA) is an IRS Code Section 125 Cafeteria Plan. Through it, Participants set aside funds on a pre-tax basis each year into their FlexSystem account(s), and subsequently access those funds for qualifying healthcare and/or dependent care expenses incurred within the Plan Year.
Employee Benefits
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Reduces income tax (Federal, State, and FICA): pre-tax payroll contributions result in a lower taxable salary.
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Saves on the cost of eligible healthcare and/or dependent care expenses: using pre-tax dollars can save nearly thirty percent!
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Offers immediate access to elected healthcare FSA funds.
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Covers common types of expenses: medical, dental, orthodontia, vision, prescription drugs, day care, and more.
2027 FSA Max Contributions
Healthcare FSA: $3,500 Roll-Over Limit: $700
Dependent Care FSA: $7,500
