If you are enrolled in a qualified high deductible health plan (HDHP), you are eligible to contribute to a Health Savings Account (HSA). An HSA is a tax-advantaged savings account that you can use for medical, dental, vision and hearing expenses. It is paired with a qualifying health insurance plan--the High Deductible + HSA plan--which offers lower monthly premiums in exchange for a higher deductible (the amount you pay out of pocket before insurance kicks in).

Your HSA is administered by HR Simplified.

Augsburg also offers three (3) Flexible Spending Account (FSAs) options:

Health Care FSA for employees enrolled in the Low Deductible Plan or employees not enrolled in Augsburg's medical plan.
The Medical FSA allows you to set aside money on a pre-tax basis that can be used to cover out-of-pocket expenses for medical, dental, vision and hearing costs that are not covered by the plan.
Limited FSA for employees enrolled in the High Deductible + HSA Plan.
The Limited FSA allows you to set aside money on a pre-tax basis that can be used to cover out-of-pocket expenses for dental, vision, and post-deductible medical ONLY.
Dependent Care FSA for employees with eligible dependents and day care needs during the work day (no medical election is required).
The Dependent Care FSA is used to set aside pre-tax dollars to cover day-care/elder-care expenses for eligible dependents.

Please refer to the HSA/FSA Q&A document below for some important reminders about these benefits.

In addition, please click on any of the below links for more information on debit cards and your mobile app as well as links directly to the HSA or FSA store websites.

Augsburg University

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