All About the HSA

When you enroll in the HDHP and elect an HSA, Parkland sets up an account for you at Optum Bank. Parkland will add money to your account, and you can contribute, too. Use your account to help pay for things like deductibles, doctor’s office copays, prescriptions, and dental and vision expenses.

HSA Contributions Will Carry Over During Open Enrollment

If you are currently enrolled in the HDHP with HSA and plan to continue participating in the HDHP for 2027, your 2026 Health Savings Account (HSA) contribution WILL automatically carry over to 2027. The first time you elect the HDHP, you must make a separate HSA election in Workday to receive Parkland’s contribution, even if you are not contributing to your HSA. For future years, your election will carry over. You must make a new election to increase or decrease the amount you are contributing.

Important! If You Have a 2026 FSA Balance

IRS rules do not allow you to have both a Health Care Flexible Spending Account and a Health Savings Account (HSA).

If you currently have a Health Care Flexible Spending Account (FSA) and you elect the HDHP with HSA for 2027, you will need to use any remaining 2026 FSA funds by Dec. 31, 2026. Any 2026 balance not used by Dec. 31, 2026, will be forfeited.

You will have until March 31, 2027, to file 2026 claims.

HSA Contributions at a Glance

If you enroll in the HDHP with HSA, Parkland will add money to your HSA each pay period — $19.24 for employee-only coverage and $38.47 for any level of family coverage. If you elect the HDHP but do not enroll in the HSA, you will not receive the Parkland-funded contributions. The two elections are separate in Workday. You may also contribute to your HSA.

	2027 Parkland Annual HSA Contributions
Employee-only coverage	$500
Any level of family coverage	$1,000

How the HSA Works

Your HSA Is Opened: After you enroll in the HDHP with HSA, Parkland sets up an HSA for you at Optum Bank. You’ll receive a packet in the mail from Optum when your account is ready so you can set up your username and password. If you’re currently enrolled in an HSA, you will keep using the same account. Questions about your account? Call Optum at 866-234-8913 or send an email to customercare@optum.com.
Get Money from Parkland: Once your account is set up, Parkland will contribute to your account each pay period. The amount contributed per pay period is $19.24 for employee-only coverage and $38.47 for any level of family coverage – that can add up to a maximum of $500 to $1,000 per year depending on your coverage. This amount is pro-rated based on your hire date. You don’t have to add money of your own to receive Parkland’s contribution as long as you enroll in the HSA.
Add Money of Your Own (If You Want): Decide how much (if any) you want to contribute, up to IRS limits. The IRS limit includes both what you contribute and what Parkland contributes. You can change your contributions at any time during the year. Your contributions are taken out of your pay before taxes.
Pay for Health Care: HSA dollars can be used anytime — now or down the road. When you have an eligible expense, you can pay for it from your HSA. Or, you can pay out of pocket and leave your untaxed HSA dollars invested.
Invest for the Future: Think of your HSA as a savings plan for health care. Once you reach a minimum balance of $1,000, you can invest your HSA in a wide variety of options, including mutual funds, stocks and bonds. You’ll pay no tax on HSA interest or investment growth. You will pay fees for investments or trades.

How Much You Can Add

Here’s how much you can contribute for 2027.

Employee-only coverage:
$4,500 (IRS limit) – $500 (Parkland contribution) = $4,000 maximum employee contribution
Any level of family coverage:
$9,000 (IRS limit) – $1,000 (Parkland contribution) = $8,000 maximum employee contribution
If you’ll be age 55 by Dec. 31, 2027:
An additional $1,000 in HSA catch-up contributions

Use the calculators

Tax Advantages x 3

In addition to helping you pay for health care, the HSA comes with triple tax advantages.

Pre-tax savings

Your contributions come out of your pay before your taxes are taken out, which means you pay less in taxes. And Parkland’s contributions are not taxable.

Tax-free earnings

All earnings in your account grow tax free.

Tax-free withdrawals

When you use the money for eligible health care expenses, you pay no taxes on the HSA dollars used.

HSA Tips

Keep these guidelines in mind.

HSA contributions will carry over from year to year. You must elect the HSA as a separate election when you first enroll in the HDHP in order to receive Parkland’s contribution and make your own contributions.
The money rolls over from year to year. Unlike a Flexible Spending Account, an HSA has no use-it-or-lose-it rule.
The money is always yours. Any money in your account is always yours to keep, even if you leave Parkland This includes Parkland’s contribution and any interest from earnings.
Non-health-care expenses are taxable. Any money you spend on ineligible expenses is taxable, and you may have to pay a 20% tax penalty.
Keep your receipts! In case the IRS asks you to prove that an expense is eligible for reimbursement, keep copies of your bills and receipts.
Name a beneficiary. You’ll need to name a beneficiary for your HSA on optumbank.com. If you die, your beneficiary will either inherit the account as an HSA or receive the funds.

Eligible Expenses

You can use your HSA to pay for eligible expenses for you, your spouse and dependents you claim on your tax return (including your children up to age 19, or age 24 if a full-time student), even if they’re not enrolled in the PEHP. (While the Parkland medical plans cover eligible children up to age 26, the IRS has different rules for HSAs.) Eligible expenses include:

Medical deductibles and expenses
Dental deductibles and expenses
Office visits (in-network and out-of-network)
Vision expenses, such as eye exams, glasses and contacts
Prescription drug expenses
Over-the-counter medications
Over-the-counter medical supplies, such as bandages, diabetic supplies and contact lens solution

Learn More

Find out which expenses qualify.

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How To Pay Out of Your HSA

You must have the funds available in your HSA before you can use them. If you pay out of pocket now, you can reimburse yourself from your HSA later, when the funds are available. You can use the debit card you’ll receive to pay for your eligible expenses. You can also use online bill pay.

Manage your account online

Shop the Optum Store

Get the brands you trust at prices you’ll love. Head to the Optum Store to find what products and services are qualified — and to take the guesswork out of what you can spend your funds on. Use code OPTHSA5 with your HSA to receive a 5% discount.

Start shopping

Changing Your HSA Contributions

If you want to change your HSA contributions during the year, contact OTM Shared Services at 469-419-3000 (ext. 7-3000) or visit the OTM Service Portal at parkland.service-now.com.

Frequently Asked Questions

Do I get an HSA if I enroll in the PPO?

No. Due to IRS regulations, the HSA is available only if you enroll in the HDHP with HSA. If you enroll in another medical plan, you can take advantage of the tax-advantaged Health Care Flexible Savings Account (FSA).

Does my HSA election roll over?

Yes. After you make your initial HSA election (if enrolled in the HDHP), your HSA election will roll over from year to year during Open Enrollment. You must elect the HSA when you initially enroll in the HDHP to ensure that you receive Parkland’s contribution. You can also make your own contributions and change the amount you are contributing each year during Open Enrollment. If you are not changing the amount you are contributing, you are not required to make a new election during Open Enrollment.

Do HSA funds roll over from year to year?

Yes. Unlike an FSA, the HSA has no use-it-or-lose-it rule.

How much does Parkland contribute to the HSA?

Once your account is set up, Parkland will make contributions into your HSA each pay period. The maximum amount contributed each pay period is $19.24 for employee-only coverage and $38.47 for spouse/family coverage – that can add up to $500 to $1,000 per year depending on your coverage! You don’t have to add money of your own to receive Parkland’s contribution, but you must enroll in the HDHP with HSA to receive Parkland’s contribution.

Have more questions?

Take a look at these additional FAQs.

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The Fine Print

You must meet all eligibility requirements for the HSA. No one can claim you as a dependent on their taxes, you can’t be enrolled in Medicare or Tricare, and you can’t be enrolled in or covered by another person’s Health Care Flexible Spending Account (FSA).