Health Savings Account

Per IRS regulations, you must be covered by a Qualified High Deductible Health Plan, such as the District’s BlueSelect Plus or Preferred Care Blue HDHP, in order to make or receive contributions to a Health Savings Account (HSA).

You are not eligible to make or receive contributions to an HSA if:

• You can be claimed as a dependent on someone else’s tax return, OR
• You have other medical insurance coverage which is a traditional medical plan or any other non-Qualified medical plan, OR
• You have medical coverage provided by TriCare, Medicare or Medicaid, OR
• You have been in receipt of non-preventive care benefits from the Department of Veteran’s Affairs (VA) or one of its facilities, including prescription drugs, in the prior 3-month period, you are excluded from contributing or receiving contributions the next 3 months (NOTE: Hospital care or medical services for a service connected disability will not affect your HAS eligibility), OR
• You or your spouse participate in a Section 125 Medical Flexible Spending Account (FSA). You are considered to be a ‘‘beneficiary’’ of your spouse’s Medical FSA even if you do not plan to run your expenses through it. (NOTE: There is no restriction to participating in a Section 125 Dependent Care Account, Limited Flexible Spending Account or sheltering premium payments for medical, dental, vision, and life insurance.),OR
• You or your spouse are covered under a Health Reimbursement Arrangement.

If you are enrolled in a District Health Reimbursement Arrangement (HRA) or Section 125 Medical Flexible Spending Account (FSA-Medical) for 2024 and enroll in a Health Savings Account (HSA) for 2025, please contact the District’s Benefits Specialist at (816) 986-1046.

If one or more of these restrictions disqualifies you from opening up a Health Savings Account, the District contribution will be made to a Health Reimbursement Arrangement (HRA) instead.

If you open and contribute to an HSA and then later become ineligible, please contact the District's Business Services Department at (816) 986-1000 or by email at benefits@lsr7.net.

The District will make contributions only to Central Bank of the Midwest HSA account holders.

Open your Central Bank of the Midwest Health Savings Account online using this HSA Central link.

Follow the online instructions to open your account.

You will receive an onscreen and email confirmation once your account has been opened. 

You will then receive a debit card in the mail from Central Bank of the Midwest. 

Click here for additional, step-by-step instructions.

You also have the opportunity to add additional money to your HSA through a pre-tax payroll deduction. Contributions into an HSA are tax-free, but are limited by the IRS.

FOR 2025 THE HSA CONTRIBUTION MAXIMUM IS:

• $4,300 for those enrolled in a Qualified HDHP as individuals
• $8,550 for those enrolled with dependents. The limit of $8,550 is per family.  Therefore, if both spouses contribute to their respective HSAs, they cannot exceed combined contributions of $8,550.  

FOR 2024 THE HSA CONTRIBUTION MAXIMUM WAS:

• $4,150 for those enrolled in a Qualified HDHP as individuals
• $8,300 for those enrolled with dependents. The limit of $8,300 is per family.  Therefore, if both spouses contribute to their respective HSAs, they cannot exceed combined contributions of $8,300.  

The annual contribution the District makes on your behalf must be included in these limits.

If you’re age 55 or older, you may make an additional $1,000 “catch-up” contribution.

Please note: HSA Contributions are prorated, so you are eligible to contribution 1/12 of the annual maximum for each month you are eligible and enrolled in a qualified plan. 

Account Management: View the balance of each account, status of historical and pending activity from contributions and funding sources, plus bill pay and debit card transactions. Employees can even snap pictures of receipts with the dedicated HSA Central Mobile App.

Manage Funds: Complete online transactions such as online bill pay (to pay themselves or a doctor) and transfer from their bank account and contribute to their HSA plan.

Update Preferences: View and update personal data; sign up for and manage direct deposit and card status; enroll in text and e-mail communications.

Investing Tools: Easily plan and budget for future healthcare expenses, including managing HSA investments and setting a threshold on your cash account to automatically invest when funds reach a certain amount.

Controlled Expenses: HSA Central Debit Mastercard® helps prevent ineligible health care items from being purchased at retail, drug, and grocery stores.