HealthEquity is GVSU's current Health Savings Account (HSA) provider. If you have any questions regarding your HSA, you can reach HealthEquity at (866) 346-5800.

• Learn More About Your HealthEquity HSA
• Download the HealthEquity Mobile App
• Designate a beneficiary for your HSA
• HeathEquity Advisor Investment Tool

For the 2024 calendar year, the annual limitation on deductions under § 223(b)(2)(A) for an individual with self-only coverage under a high deductible health plan is $4,150. The annual limitation on deductions under § 223(b)(2)(B) for an individual with family coverage under a high deductible health plan is $8,300. Participants 55 years of age and older are eligible for an additional $1,000 catch-up contribution.

If you are interested in changing your current contribution amount, login to your Workday profile and follow the Update HSA Contribution Job Aid.

If you're a long term saver looking to grow your HSA for future health care costs, HealthEquity's HSA Investment Account may be for you. This account gives you the option to invest your excess HSA funds in mutual funds, giving you the potential for extra growth in your HSA. 

For additional information including account fees, rates and features, please visit HealthEquity's HSA Investment Guide. 

General

• High Deductible Health Plan & Health Savings Account FAQ
• Learn More About the Benefits of Your HSA

IRS Publications

• IRS Publication 502 Qualified Medical Expenses
• IRS Publication 969 Health Savings Accounts