Health Saving Account (HSA)

A Health Savings Account (HSA) combines high deductible health insurance with a tax-favored savings account. Money in the savings account can help pay the deductible. And money left in the savings account earns interest and is yours to keep.

For 2024, you can contribute up to $4,150 as a single and $8,300 if you enroll as a family. Additionally, if you are age 55 or older, you are eligible to make a catch-up contribution of $1,000.

You may elect to change your contribution amount at any time throughout the year!

For 2024, Klinge will contribute $1,500 if you enroll as an individual and $3,000 if you enroll with dependents! Contributions (50%) will be made every 6 months. The contributions will be prorated based on your date of hire.