An HSA is a smart, tax-advantaged way to save for healthcare expenses today and in the future. It comes with triple tax advantages, and any unused funds roll over year to year, so you continue to grow your savings. Plus, the funds are always yours to keep – even if you change jobs or retire. It’s flexible, future-focused, and a great choice when you want to make the most of your healthcare dollars.
Your HSA funds can be used to pay for qualified medical expenses such as dental, vision, prescription drugs, over-the-counter drugs (prescribed by a physician), and medical expenses that are applied to your deductible.
HSA Contribution Limits & Employer Funding
The annual IRS HSA contribution limit includes the total amount credited by both you and Saks Global. In addition, Saks Global provides an employer seed contribution of $250 for Employee Only coverage and $500 for all other tiers, credited on a prorated, per-pay-period basis throughout the year.
This contribution, combined with your own, helps you build savings for today’s expenses and future health needs.
| The Maximum Annual HSA Contribution Limits for 2026 | |
| MAXIMUM ANNUAL CONTRIBUTION FOR INDIVIDUAL | $4,400 |
| MAXIMUM ANNUAL CONTRIBUTION FOR INDIVIDUAL + DEPENDENTS | $8,750 |
| CATCH-UP CONTRIBUTIONS FOR THOSE 55 YEARS AND OVER | $1,000 |
Learn More With HealthEquity: Your Partner for FSAs and HSAs
Saks Global partners with HealthEquity, a trusted leader in health and financial wellness, to help you make the most of your Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs). Through HealthEquity, you can easily manage your pre-tax health dollars, pay for eligible expenses, and track your account activity— all in one convenient place.
Visit www.healthequity.com to explore a variety of resources – from a library of helpful articles to available webinars – Health Equity helps you maximize your savings and spending accounts. You can also reach out member services at 877-223-5329.
Check out this Member Guided Tour to walk through logging into your HealthEquity account for the first time.
With 24/7 access to your account, mobile tools, and expert support, HealthEquity makes it simple to plan, save, and spend smarter—helping you take control of your health and your financial well-being.
HSA Advantages
- Tax-deductible contributions
- Tax-free growth
- Tax-free withdrawals for medical expenses
- Funds roll over annually
- Can be invested for long-term growth
- Owned by you, not your employer
- Usable for a wide range of health expenses
- After age 65, usable for any purpose (taxed if non-medical)
- Helpful for retirement healthcare planning
