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  1. State of Tennessee - Benefits Administration
  2. Employees
  3. CDHP/HSA and Local CDHP/HSA

CDHP/HSA and Local CDHP/HSA

  • 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?
  • If I have an HSA this year and switch to an FSA next year, will I still have access to any remaining funds in my HSA account from the previous enrollment?
  • Is there a maximum amount that I can spend on my HSA debit card?
  • Can I use my HSA debit card after I terminate employment?
  • Do the funds in my HSA accrue interest?
  • 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?
  • Do I have to use Optum Financial for my health savings account?
  • Are there fees associated with an Optum Financial HSA?
  • What happens if I exceed the contribution amount?
  • Will I receive any regular reporting on my account?
  • If I enroll in the CDHP and my spouse has a medical FSA, can I still contribute to an HSA?
  • Can I have both an HSA account and an FSA account?
  • Can the funds in an HSA be invested?
  • How do I pay claims with a Consumer-driven Health Plan?
  • Does the coinsurance amount for a maintenance drug count towards the deductible?
  • Can I have “gap” insurance or other health coverage and the CDHP?
State of Tennessee - Benefits Administration