Plan 2: The $3,400 Individual/$6,800 Family Deductible Plan
💰 College HSA Contribution Included!
When you enroll in Plan 2, the College contributes to your Health Savings Account:
$1,000 for individual coverage
$2,000 for two-party or family coverage
Plan Summary
View the full plan summary to learn more about this plan.
Monthly Premiums
Your premium depends on your salary band and coverage level. Use the table below to find your monthly cost:
Earning less than $40,000
| Coverage | Monthly Total | College Share | Your Share | Per Pay* |
|---|---|---|---|---|
| Single | $798.00 | $763.16 | $28.00 | $14.00 |
| Employee/ Child(ren) | $1,488.00 | $1,308.95 | $164.00 | $82.00 |
| Employee/ Spouse | $1,660.00 | $1,453.69 | $183.00 | $91.50 |
| Family | $2,562.00 | $2,182.94 | $320.00 | $160.00 |
* Premium is deducted from 24 of 26 annual paychecks.
Earning between $40,000 and $80,000
| Coverage | Monthly Total | College Share | Your Share | Per Pay* |
|---|---|---|---|---|
| Single | $798.00 | $736.82 | $56.00 | $28.00 |
| Employee/ Child(ren) | $1,488.00 | $1,279.99 | $208.00 | $104.00 |
| Employee/ Spouse | $1,660.00 | $1,408.30 | $232.00 | $116.00 |
| Family | $2,562.00 | $2,111.34 | $391.00 | $195.50 |
* Premium is deducted from 24 of 26 annual paychecks.
Earning greater than $80,000
| Coverage | Monthly Total | College Share | Your Share | Per Pay* |
|---|---|---|---|---|
| Single | $798.00 | $722.08 | $72.00 | $36.00 |
| Employee/ Child(ren) | $1,488.00 | $1,249.65 | $223.00 | $111.50 |
| Employee/ Spouse | $1,646.00 | $1,387.81 | $249.00 | $124.50 |
| Family | $2,562.00 | $2,057.09 | $448.00 | $224.00 |
* Premium is deducted from 24 of 26 annual paychecks.
Understanding Your Health Savings Account (HSA)
With this plan, the College will contribute $1,000 towards your HSA if you are on a single plan and $2,000 if you are on a two-party or family plan. The College's contribution gives you a head start on building your HSA balance.
How the College HSA Contribution Works
- Automatic contribution: The College deposits the full amount into your HSA at the beginning of January.
- Immediate access: Funds are available right away for qualified medical expenses
- Tax-free money: The College's contribution is not taxed as income
- You can add more: Make additional pre-tax contributions up to the IRS annual limit
Your HSA Contribution Options
In addition to the College's contribution, you can make your own pre-tax contributions to maximize your HSA savings and tax benefits.
For 2026, in addition to the College’s contribution, you can contribute another:
- Single coverage: $3400 per year, for a maximum of $4,400
- Two-party coverage: $6750 per year, for a maximum of $8,750
Individuals over age 55 can contribute an additional $1,000 per year to the HSA, as a “catch-up” contribution.
What Can You Use Your HSA For?
HSA funds can be used for a wide range of qualified medical expenses, including:
- Doctor visits, specialists, and urgent care
- Prescription medications and over-the-counter drugs
- Dental care, including cleanings, fillings, and orthodontics
- Vision care, including eye exams, glasses, and contact lenses
- Hospital stays and surgeries
- Medical equipment and supplies
- Mental health counseling and therapy
- Chiropractic care and physical therapy
Your HSA is Yours to Keep
- Rolls over every year: Unlike an FSA, unused funds stay in your account—there's no "use it or lose it"
- Portable: Your HSA stays with you even if you change employers or retire
- Investment opportunity: Once your balance reaches a certain threshold, you can invest your HSA funds for potential growth via the Optum website.
New Employees: Mid-Year HSA Contributions
If you join the College mid-year, we'll prorate your HSA contribution based on your start date. For example, if you begin employment in July, you'll receive half of the annual contribution amount.
To calculate your prorated HSA contribution based on your specific start date, visit this website.
Compare Plans
Not sure if Plan 1 or Plan 2 is right for you? Use our Cost Estimator to calculate your projected costs based on your personal situation.