Stanford-Sponsored Health Savings Account (HSA)

You can open a Health Savings Account (HSA) only if you are enrolled in the High-Deductible PPO. Stanford provides an opportunity to open your HSA through Blue Shield’s financial partner, HealthEquity. Opening your HSA with HealthEquity has two important advantages:

• You can fund your account through payroll deductions instead of putting money in the account on your own, and
• Stanford will contribute $300 to your account when you enroll yourself only, or $600 when you enroll yourself plus one or more eligible family members. This is only available if you open your HSA through HealthEquity.

If you set up your HSA account during annual Open Enrollment you will receive the Stanford contribution starting with your first paycheck in January. The contributions will be in 24 equal installments during the year. If you set up a your HealthEquity HSA during the year, the amount Stanford contributes will be prorated based on the number of pay periods remaining in the calendar year after you set up your account.

You will receive Stanford's contribution to your HSA through HealthEquity even if you elect to make no contributions of your own.

Read our Health Savings Account FAQHealth Savings Account (HSA) FAQ
Common questions about Health Savings Accounts (H-S-A).

High Deductible Health Plan and Health Savings Account Overview PresentationBlue Shield High Deductible Plan and Health Savings Account: Making Them Work Together
An audio presentation to guide employees on the Blue Shield High Deductible Health Plan (HDHP) and the Health Savings Account (or HSA); includes information about HSA eligibility guidelines, how to establish and setup a HSA, HSA eligible health care expenses and using Health Equity (Blue Shield’s HSA partner) as your HSA administrator.

Learn more about HealthEquity

If You Already Have an HSA

If you already have a personal HSA, you can still open one with HealthEquity. Just be sure the total amount you contribute to both accounts, plus Stanford's contribution, does not exceed the 2015 contribution maximum ($3,350 if you cover yourself only; $6,650 if you cover one or more eligible family members).