High Deductible Health Plan (HDHP)

Xcel Energy offers you and your family the opportunity to participate in a High Deductible Health Plan (HDHP) with a Health Savings Account (HSA) .

Here is a short video that outlines how an HDHP with HSA works.

In 2016 and 2017, Xcel Energy will make contributions to your HSA to get your account started. From there, you can choose to add to your account by making pre-tax contributions with the money you’re saving in premiums. Your contributions to the HSA are not taxed as long as they are used to cover eligible medical expenses. And even better, your balance never expires – the money you don’t spend will continue to be yours year after year. Rather than paying higher premiums, putting money into the HSA lets you build up an account you can use for your family’s health care needs. And remember: If you do not have health care expenses, the HSA continues to grow until you need to use it.

You may download the 2016 guide and get more information through other Xcel Energy or Benefit Plan Administrator Resources. The 2017 benefit guide will be available soon.