Health Saving Account (HSA)
A Health Savings Account (HSA) combines high deductible health insurance with a tax-favored savings account. Money in the savings account can help pay the deductible. And money left in the savings account earns interest and is yours to keep.
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For 2026, you can contribute up to $4,400 as a single and $8,750 if you enroll as a family. Additionally, if you are age 55 or older, you are eligible to make a catch-up contribution of $1,000.
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You may elect to change your contribution amount at any time throughout the year!
For 2026, Penn Stainless will continue to make a contribution of $1,000 if you are enrolled in the Qualified High Deductible medical plan as an individual and $2,000 if you are enrolled with dependents. This amount is prorated for new employees based on your hire date within the plan year. Here is a list of common HSA eligible expenses.