This interactive tool outlines three tax-advantaged accounts available to you: the Health Savings Account, Healthcare Flexible Spending Account and the Retirement Healthcare Savings Plan. To help you determine whether participation in one or more accounts would be advantageous, click on each icon to read about key features.
This website provides information about certain TIAA benefits. Receipt of this website does not automatically entitle you to benefits offered by TIAA. Every effort has been made to ensure the accuracy of the contents on this website. However, if there are discrepancies between this website and the legal documents governing a plan or program (i.e., “plan documents”), the plan documents will always govern. TIAA retains the discretion to interpret the terms or language used on this website. TIAA also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason. For convenience, we use the name TIAA on this website because it is used at companies with different names within the TIAA family of companies. However, use of the term “TIAA” does not mean that you are employed by TIAA; you are employed by the entity that directly pays your wages. You will be eligible for the benefits described on this website only to the extent you meet the definition of an eligible employee or participant in the applicable plan documents. The information contained on this website is for informational purposes only and is not tax advice. In certain instances, your personal tax treatment may vary due to individual circumstances, including state of residency. You should consult with your individual tax advisor to confirm any tax treatment described on this website. Neither TIAA’s arrangement for making contributions to the HSAs of eligible associates, nor the HSAs themselves, are welfare benefit plans under ERISA. Also please note, the term “associate” refers only to employees of TIAA or one of its subsidiaries.
If you enroll in the Consumer Choice POS with HSA medical option, the organization will contribute money to your account on a pre-tax basis to pay certain healthcare expenses today or after your employment ends. If you enroll in the Basic Consumer Choice POS with UFund HSA medical option, the organization does not contribute money to the HSA. Under both of these medical options, you may contribute to your HSA, up to annual IRS limits.
When you are enrolled in an FSA, you may contribute money on a pre-tax basis to pay eligible healthcare expenses while employed.
If you enroll in the RHSP, you and the organization may both contribute money to your account, which can be used to pay health-related expenses after you leave the organization.
Note that your contributions to the RHSP are after-tax; the organization’s contributions are pre-tax.
You may participate in the HSA if you’re enrolled in the Consumer Choice POS with HSA or Basic Consumer Choice POS with UFund HSA medical option (subject to IRS eligibility rules).
You do not have to be enrolled in a medical option to participate in the FSA.
You can participate in the Healthcare FSA* to pay eligible healthcare expenses or a Limited Purpose FSA** to pay eligible dental and vision expenses.
* You also have access to a Dependent Care FSA. Visit your 2025 Benefits Guide for details.
** Available only if you enroll in an HSA medical option.
You do not have to be enrolled in a medical option to participate in the RHSP.
If you are enrolled in the Consumer Choice POS with HSA, contributions may come from you, the organization, or both—up to annual IRS limits.
If you’re enrolled in the Basic Consumer Choice POS with UFund HSA, the organization does not contribute money to your account, but you may contribute to your HSA, up to annual IRS limits.
If you are enrolled in the Consumer Choice POS with HSA, the organization automatically contributes $500 (for "You Only" coverage) or $1,000 (all other coverage levels) annually.* You can make pre-tax contributions if you are enrolled in either of the HSA medical options.
The 2025 IRS contribution limits (you and the organization combined) are $4,300 (for "You Only" coverage) and $8,550 (all other coverage levels). Participants age 55 or over can make an additional catch up contribution of up to $1,000.
* HSA contributions from the organization are deposited in quarterly increments and prorated based on coverage effective date.
FSA contributions come from you, up to annual IRS limits.
Contributions are deducted from your pay on a pre-tax basis. The current contribution limits for both the Healthcare FSA and the Limited Purpose FSA are $3,300.
Contributions to the RHSP are unlimited; the organization matches 100 percent of your contributions, up to $750 annually.
RHSP contributions are deducted from your pay after-tax. The organization’s matching contributions are pre-tax.
There is a triple tax advantage.
As long as you use your account to pay eligible healthcare expenses, you won’t be taxed on:
* Most states exempt HSA contributions from state income taxes. Some states, such as CA and NJ, do not. For more information, consult a tax advisor.
** You will receive a contribution from the organization if you are enrolled in the Consumer Choice POS with HSA medical option.
There is a two-part tax advantage.
As long as you use your account to pay eligible healthcare expenses, you won’t be taxed on:
* Most states exempt FSA contributions from state income taxes. Some states, such as NJ, do not. For more information, consult a tax advisor.
There is a two-part tax advantage.
If you use your account to pay qualified healthcare expenses after you leave the organization, you won’t be taxed on:
You can use HSA funds to pay medical, dental, prescription drug and vision expenses, including deductibles, copays and coinsurance, and certain over-the-counter drugs and medications. Save eligible receipts for your tax records.
To see other eligible expenses, visit my.healthequity.com.
You can use Healthcare FSA funds to pay medical, dental, prescription drug and vision expenses, including deductibles, copays, coinsurance and certain over-the-counter drugs and medications. Save eligible receipts in case you need to provide documentation of an expense.
You can use Limited Purpose FSA funds to pay vision and dental expenses. Medical and prescription drug expenses are also eligible after you meet your annual medical plan deductible.
To see other eligible expenses, visit my.healthequity.com.
After you leave the organization, you can use RHSP funds to pay medical, prescription drug, dental and vision expenses, including premium contributions, copays and deductibles.
Use the TIAA HSA debit card to pay for expenses at time of service, or submit reimbursement claims online or through the HealthEquity mobile app.
From a work computer connected to the network, click here. From a personal home computer, visit my.healthequity.com.
Use the HealthEquity Health Account debit card to pay for expenses at time of service, or submit reimbursement claims online or through the HealthEquity mobile app.
From a work computer connected to the network, click here. From a personal home computer, visit my.healthequity.com.
You’ll receive instructions for activating your account and filing claims after you leave the organization.
Once your account balance reaches $1,000, you may choose from a selection of investment options.
FSA funds do not earn interest, nor can you invest the funds.
Your contributions and the organization's match are made to the Nuveen Lifecycle Fund at the target retirement date closest to your 65th birthday. You can change your investment allocation at any time.
HSA money is yours, adjusted up or down for interest and investment performance.
Your account balance rolls over from year to year. After your employment ends, you can continue to use your account for eligible healthcare expenses.
FSA funds are subject to the IRS “use it or lose it” rule.
Any unused FSA money is forfeited at year-end or when your employment ends (unless you elect to continue the FSA through COBRA).
RHSP money rolls over to the following year, adjusted up and down for interest and investment performance.
After your employment ends, you and your eligible dependents can use the money in your account for eligible healthcare expenses. Please see "Important Considerations" on the RHSP page of the 2025 Benefits Guide for more details on RHSP assets after your employment ends.
As you consider participation in the HSA, remember…
* Most states exempt HSA contributions from state income taxes. However, some states, such as CA and NJ, do not. For more information, consult a tax advisor.
As you consider participation in an FSA, remember…
* Most states exempt FSA contributions from state income taxes. However, some states, such as NJ, do not. For more information, consult a tax advisor.
If you are considering the RHSP, remember…
Enroll on Your Benefits Online in either of the HSA medical options when first eligible, if you experience a qualifying life event, or during the Annual Enrollment period held each fall and select a pre-tax contribution amount.
You can change your HSA contribution at any time on Your Benefits Online.
Enroll in an FSA on Your Benefits Online when first eligible, if you experience a qualifying life event, or during the Annual Enrollment period held each fall and select a pre-tax contribution amount.
Enroll in the RHSP on Your Benefits Online at any time.