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State of Tennessee - Benefits Administration

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State of Tennessee - Benefits Administration
Employees
CDHP/HSA and Local CDHP/HSA

Articles in this section

What is the CDHP/HSA (or Local CDHP/HSA) insurance plan?
On what can I spend my health savings account funds?
On whom can I spend my health savings account funds?
If I close my health savings account or switch from the Consumer-driven Health Plan or Local CDHP to one of the preferred provider plans, what happens to my HSA balance?
Why might I choose the Consumer-driven Health Plan option?
Does enrollment in Medicare impact my HSA eligibility?
If my spouse is on Medicare, can I choose the CDHP?
I will be Medicare eligible next July and will enroll in Medicare. I am currently on the CDHP plan. Do I need to change my plan during Annual Enrollment, or will that be a special qualifying event in July?
I contributed to an HSA last year. Will the state mail Form 8889 to me? Is it available electronically?
Is my full health savings account contribution available to me at the beginning of the year?

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Do the funds in my HSA accrue interest?

Brady Delander

December 16, 2025 19:48 Updated

The cash account earns interest at a current rate of 0.25% annual percentage yield, or APY, paid monthly.

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Related articles

When looking at the CDHP/HSA, is it best to consult a tax professional regarding your personal finances and the impact on your federal income taxes?
If I close my health savings account or switch from the Consumer-driven Health Plan or Local CDHP to one of the preferred provider plans, what happens to my HSA balance?
Can I have both an HSA account and an FSA account?
How can I get my TASC ID?
Can the funds in an HSA be invested?

State of Tennessee - Benefits Administration