Health Savings Account
To elect an HSA plan, you must enroll in a qualified High Deductible (HDHP) Medical Plan.
A Health Savings Account (HSA) is an account established under Section 223 for the purpose of paying qualified medical expenses incurred by the account holder and dependents. HSA’s allow employees to make tax-free payroll contribution to the plan to pay for certain out-of-pocket medical expense.
Plan Features
Everything You’ll Need to Know
The two (2) group sponsored high deductible health plans (HDHPs) that Greenlight Networks will continue offering in 2025 will remain to be HSA-eligible, meaning you’re able to contribute funds into an HSA if you’re enrolled in the plan in 2025. The HSA vendor Greenlight Networks uses is HSA Bank, so if you have not opened an account yet, make sure you do so as of 1/1/25 so you’re able to start contributing funds.
Greenlight Networks will continue to provide an employer contribution to the single tiers (employee only coverage) on both HDHPs in 2025. These annual amounts (listed below) will be contributed on a per pay period basis (so taking the below amounts and dividing by 52 or 26 pay periods):
For the $2,500 / $5,000 HDHP, Greenlight will contribute an annual amount of $536.04
For the $7,000 / $14,000 HDHP, Greenlight will contribute an annual amount of $1,882.44
The IRS has increased the annual maximum limits you’re able to contribute into an HSA account in 2025. Please see the below table for both 2024 current contribution limits, as well as the updated 2025 limit maximums:
Important Note: IRS contribution limits include Employer (Greenlight Networks) and Employee combined contribution amounts.
HSA Bank Webinar Schedule: HSA Webinar Schedule
Plan Documents
Websites
Contacts
HSA Member Customer Service
(800) 357-6246