Glossary

UMP Classic
UMP CDHP
UMP Plus

The UMP website is moving. This website contains 2019 UMP information for PEBB members only (through the end of 2019). If you are a PEBB member and/or you will be a new School Employees Benefits Board (SEBB) member and you need 2020 UMP benefits information, visit our new UMP website.

Health Savings Account (HSA)

A Health Savings Account (HSA) is a tax-advantaged spending and savings account that can be used to pay for qualified medical expenses. IRS rules govern who can have an HSA and how the funds can be spent. The HSA is funded by pre-tax contributions from you, your employer, or both. See your certificate of coverage for information on contribution limits.

You can contribute up to the annual limit even if your health plan deductible is lower. The rates are subject to change every year, adjusted for inflation.