Health Savings Account

Health Savings Account
An HSA works like a regular bank account, but you don’t pay federal income tax on the money you deposit. When you use your HSA money to pay for qualified medical expenses, you won’t pay income taxes on the money, either. You can even build your savings into a nest egg for retirement.

Not Just Doctor Visits
You can use your HSA to pay for medical needs such as eyeglasses, hearing aids and qualified prescriptions. You can even use your savings to pay for other kids of health insurance, such as COBRA, long-term care and any health plan coverage you have while receiving unemployment compensation. When you turn 65, you can use HSA savings to pay for any tax deductible health insurance (except for Medicare supplemental insurance).

2026 Contribution Limits
For 2026 you can deposit up to $4,400 if you have individual coverage and $8,750 if you have a family policy. The IRS also allows you to make an extra catch-up deposit of $1,000 if you are 55 or older. You can make contributions all the way up to the tax-filing deadline (usually April 15) and still get tax credit for the previous year.

For the 2026 Plan Year NREIG will match up to $50 each paycheck into your HSA account if you are eligible under IRS guidelines and enrolled in the High Deductible Health Plan.
Please be aware, IRS rules say you cannot contribute to a HSA in any month that you are enrolled in Medicare.