Health Savings Account (HSA) Contribution Change

If you enroll in the Aetna Value Plan, you can open a Health Savings Account (HSA) to pay for current and future qualified health care–related expenses not covered by the plan. You may modify your pre-tax payroll contributions to your HSA anytime (HSA contributions only, not Value Plan enrollment) by following the instructions below. You can also make after-tax contributions to your HSA by contacting PayFlex directly at 888.678.8242. Review the plan for additional details, including maximum plan contributions.

1. Click the Global Navigation Menu icon in the top left corner.
   
2. Click the Benefits app.
   
3. Select Benefits in the Change column.
   
4. You will be brought to the following screen.
   Read the Help Text instructions toward the right carefully!
   
5. Select Change in Employee HSA Contribution from the dropdown menu.
   
6. Enter today's date (or a date in the future) as the Benefit Event Date (all other fields will populate automatically) then Submit.
   
   
7. After you submit the event, you will receive a pop up to open and complete the event. Click Open.
   
8. Click Let's Get Started.
   
9. Select Enroll/Manage under Health Savings Account.
   
10. Once you've selected Health Savings Account, you will be taken to the plans available screen where you will have to Select/Waive the available HSA plan(s).Click the circled checkbox to Select/Waive then click Confirm and Continue.
    Please note: There is an additional HSA plan (the HSA Catch Up) for those who are age 55 and older only and are eligible to contribute an extra $1000 per year to their HSA.
    
    
11. Enter the dollar amount that you would like to contribute per pay period to the HSA plan (then the HSA Catch Up plan if applicable) then Save.
    
12. You will receive a pop up that your changes were updated, however, you are not finished with the event.
    
13. Scroll to the bottom of the Change in Employee HSA Contribution screen and click Review and Sign to finalize the changes/event.
    
14. You will be taken to a summary page. Review the benefit elections and If you need to make a change click "Cancel" (or you can "Save for Later" and access the event from your MyDay inbox). Otherwise, scroll to the bottom of the screen, review the Electronic Signature, click the "I Accept" checkbox, then Submit.
    

Once you've reached the Submitted screen, you are done! You can select View Benefits Statement if you'd like to print a copy of the confirmation for your records.

Need Help? Contact Benefits Help by emailing BenefitsHelp@newschool.edu.

Return to MyDay Benefits Guide.