Health Savings Account (HSA)

Health Savings Account (HSA)
If you enroll in an HDHP, you can pay for medical expenses for you and your eligible dependent(s) using an HSA.  If not spent, HSA funds can roll over and accumulate year to year.

Employee HSA Monthly Contributions are administered through HSA Bank.  Your HSA account is an interest bearing account and funds are FDIC insured.  HSA Bank is a division of Webster Bank, NA., or Customer Service:  800-357-6246.


HSA Overview
How to use your HSA
HSA Frequently Asked Questions
Designating a Beneficiary
HSA Bank Investment Overview Video
HSA Investment Options
HSA Mobile App
Why Contribute to Your HSA
myHealth Portfolio
HSA Contribution Limits and Catch-Up Information 
HSA Expense Eligibility
HSA & Medicare FAQ's

Investment Video
HSA Bank 401K Plan for a Healthy Retirement Video
HSA Bank 401K Play and Pay in Retirement Video
HSA Overview: From Safety Net to Nest Egg Video

 HSA Eligibility

You are eligible to open and fund an HSA if you meet all of the following criteria:

  • You are enrolled in a HDHP with Kaiser Permanente or Cigna/Allegiance
  • You are not covered by another health plan (unless it is an HSA-qualified plan).
  • You are not enrolled in a Healthcare FSA at any time throughout the plan year.
  • You are not eligible to be claimed as a dependent on someone else's tax return.
  • You are not enrolled in Medicare or TRICARE for Life.
  • You have not received Veterans Administration Benefits in the last three months.

DSCD Contributions

  • DCSD monthly contribution for full-time (.75-100 FTE):  $100
  • DCSD monthly contribution for part-time (.5-.74 FTE):  $50

HSA contributions are posted at the end of each month.

Annual Limits

  • 2020 Individual Annual IRS Maximum Contribution $3,600 (employee/employer and/or other party)
  • 2020 Family Annual IRS Maximum Contribution $7,200 (employee/employer and/or other party)
  • Annual "catch-up" contribution amount for individuals age 55 or older is $1000

Contributions, including the DCSD contribution, cannot exceed the annual IRS contribution maximums. 

Website by SchoolMessenger Presence. © 2021 Intrado Corporation. All rights reserved.

In compliance with Titles VI & VII of the Civil Rights Act of 1964, Title IX of the Education Amendments of 1972, Section 504 of the Rehabilitation Act of 1973, the Age Discrimination in Employment Act of 1967, the Americans with Disabilities Act, the Genetic Information Nondiscrimination Act of 2008, and Colorado law, the Douglas County School District RE-1 does not unlawfully discriminate against otherwise qualified students, employees, applicants for employment, or members of the public on the basis of disability, race, creed, color, sex, sexual orientation, marital status, national origin, religion, ancestry, or need for special education services. Discrimination against employees and applicants for employment based on age, genetic information, and conditions related to pregnancy or childbirth is also prohibited in accordance with state and/or federal law. Complaint procedures have been established for students, parents, employees, and members of the public. The School District’s Compliance Officer and Title IX Coordinator to address complaints alleging sexual harassment under Title IX is Catherine Franklin, Interim Compliance Officer, 620 Wilcox Street, Castle Rock, Colorado,, 720-433-1285. Complaints regarding violations of Title VI, (race, national origin), Title IX (sex, gender), Section 504/ADA (handicap or disability), may be filed directly with the Office for Civil Rights, U.S. Department of Education, 1244 North Speer Blvd., Suite 310, Denver, CO 80204. Complaints regarding violations of Title VII (employment) and the ADEA (prohibiting age discrimination in employment) may be filed directly with the Federal Office of Equal Employment Opportunity Commission, 303 E. 17th Ave., Suite 510, Denver, CO 80202, or the Colorado Civil Rights Commission, 1560 Broadway, Suite 1050, Denver, CO 80202.