A Health Savings Account (HSA) is only available to employees enrolled in a HDHP medical plan (Anthem or Kaiser HDHP). A HSA is a tax-favored account that allows you to set aside funds to save and pay for qualified medical expenses incurred by you, your spouse, and any of your qualified dependents. The HSA is an individually-owned account that earns interest and the funds are carried over, without limit, from year to year.
The City's HSA is administered through Wells Fargo. Wells Fargo has a $2 per month administrative fee which is automatically deducted from your account.