A Health Savings Account (HSA) allows individuals enrolled in a High Deductible Health Plan (HDHP) to save money tax-free for qualified medical, dental, and vision expenses. In addition to offering immediate tax benefits, HSAs also support long-term savings—unused funds roll over year to year and can even be invested once your balance exceeds $1,000.

District Contributions

Eligible employees who open an HSA with Voya will receive District contributions as outlined in the negotiated agreement to help fund their account.

Employee Contributions

Employees can also contribute to their HSA through pre-tax payroll deductions, up to the IRS maximums (including the District's contribution):

IRS 2026 Maximum Contributions:

• $4,400 for self-only coverage
• $8,750 for family coverage

• Additional $1,000 catch-up contribution for individuals age 55 or older

HSA Eligibility Requirements

To qualify for an HSA, employees must meet the IRS eligibility criteria as described in IRS Publication 969, including:

• Enrollment in a qualified HDHP (the District’s HDHP qualifies)

• No other non-HDHP coverage (including Medicare, Medicaid, Tricare, or an FSA—even a spouse’s FSA)

• Not being claimed as a dependent on another person’s tax return

Note: See the FAQ linked below for special eligibility considerations, such as receiving care through the VA or Indian Health Services.

Learn More

• HSA Overview & Video – What is an HSA?

• FAQ – Eligibility, Contributions, Distributions, and Investments

Invest Your HSA Funds

• Voya’s HSA Investment Line-Up

• How to Start Investing Your HSA Funds

Flexible Spending Accounts (FSAs) are a valuable employee benefit that lets you set aside pre-tax dollars to pay for certain out-of-pocket expenses. There are three types of FSAs available:

Health FSA

A Health FSA allows you to use pre-tax funds to pay for eligible medical, dental, and vision expenses not covered by insurance. 

Eligible expenses include:

• Copayments and deductibles

• Prescription medications

• Certain over-the-counter items

• Dental and vision expenses

Important: FSAs are subject to the “use it or lose it” rule — funds must typically be used within the plan year or they may be forfeited.

Dependent Care FSA

A Dependent Care FSA helps you pay for care of eligible dependents so you can work or attend school full-time. 

Eligible expenses include:

• Daycare or preschool for children under age 13

• Before and after-school programs

• Summer day camps

• Care for a disabled spouse or dependent of any age

Limited Purpose FSA

A Limited Purpose FSA is available for employees who are enrolled in a Health Savings Account (HSA). It allows you to save pre-tax dollars specifically for dental and vision expenses only.

Use this account to pay for:

• Dental cleanings, fillings, and orthodontia

• Eye exams, glasses, and contact lenses

Because it's “limited purpose,” this FSA is designed to work alongside your HSA without affecting your eligibility.

Click HERE for more information about FSAs.

Employees can self-enroll in voluntary supplemental benefits through Employee Navigator through June 5, 2026.

Employee Navigator Instructions

Access Employee Navigator Create an account and use Company Identifier: MSBSD

Benefit counselors are available to provide support throught the enrollment process. Employees can meet with a benefit counselor one-on-one in person through May 8, 2026, or over the phone through June 5, 2026.

Click HERE to schedule an appointment.