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Stone County School District
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HEALTH SAVINGS ACCOUNT
(effective 9.1.2026)
What is a Health Savings Account?
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A pre-tax benefit account used to pay for eligible medical expenses. Unused funds rollover each year and you can keep the account regardless if you change employers, switch health plans or retire.
What are Health Savings Account triple tax advantages?
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Any contributions, investment earnings, and qualified distributions are exempt from federal income tax, FICA (Social Security and Medicare) tax and state income taxes (check your state).
Plan Rules:
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Coverage through Consolidated Admin Services
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Plan year is from September 1 - August 31 and employees must re-enroll each year
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Employees must be enrolled in the BCBS of MS Base Coverage to be eligible (qualified high deductible health insurance plan)
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Employees cannot have other health coverage (including Tricare or Medicare), be claimed as a dependent, or have a spouse enrolled in a Medical FSA
Contact Campus Benefits for assistance.
Email: mybenefits@campusbenefits.com
Call 1-866-433-7661, option 5
Contact CAS - 1 (877) 941-5956
Annual out-of-pocket expenses (deductibles, co-payments and other amounts, but not premiums) cannot exceed $8,500 for self-only coverage and $17,000 for family coverage.
How does HSA work?
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Use your HSA to help pay for qualified medical expenses
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Unused funds rollover each year and may be invested (check with your financial institution), allowing earnings to grow tax deferred.
Distributions:
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Pay with CAS card.
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Use online bill pay through the online HSA portal.
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Request self-reimbursement through the online portal when you have already paid out-of-pocket for qualified expenses.
Contributions (100% tax deductible from gross income)
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Pre-tax payroll contributions through your employer.
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Transfer funds from bank account.
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Send a check to CAS for deposit into your HSA.
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Make a one-time IRA to Has transfer (IRS rules apply)
Qualified medical expense:
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Doctor Visits (deductibles, co-insurance, etc.)
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Dental and Vision Services
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Prescriptions
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Other expense may also be eligible
NOT qualified medical expense:
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Surgery for purely cosmetic reasons
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Health club dues
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Illegal operations or treatment
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Maternity clothes
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Toothpaste and cosmetics
What are the differences between HSA and FSA?
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Both HSAs and FSAs allow you to pay for qualified medical expenses with pre-tax dollars. You can only enroll in either HSA or FSA, not both.
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One key difference, however, is that HSA balances can roll over from year to year, while FSA money left unspent at the end of the year is limited to the carryover maximum to the following plan year.
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HSA funds can be used to pay for qualified medical expenses that are not covered by your health plan including:
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Dental expenses
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Deductibles
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Co-payments
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Braces
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X-rays
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Fillings
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Dentures
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Vision expenses
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Co-payments
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Frames
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Contacts
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Prescription sunglasses
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Goggles
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Optometrists/Ophthalmologist fees
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Corrective eye surgery
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A list of HSA eligible expenses is available on the IRS Web site, www.irs.gov in IRS Publication 502.
How to access HSA benefits:
1. CAS Consumer Portal - This one-stop portal gives you 24/7 access to view information and manage your accounts.
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Visit: www.consolidatedadmin.com
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Hover over the “Logins” link at the top of the webpage
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Click on “Participant/Employee Login
2. CAS mobile app allows you to manage your accounts from the palm of your hand, anytime anywhere. Available on APP Store and Google Play:
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Search your app store for “Consolidated Admin Services”
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Install the app
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Log in with your web login username and password
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Access your account anywhere, anytime!
3. Mobile Wallet now available!
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It’s easier than ever to use your benefits by adding your CAS debit card to your Apple Wallet, Google Wallet, or Samsung Pay.
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Apple users can also take advantage of digital provisioning, allowing access to the card before it even arrives by mail.