Health Savings Account

Your HSA: The Triple Tax Advantage!

Tax-free Income


That's right! If you participate in a qualified High Deductible Health Plan (HDHP), you qualify for tax-free income. Money deposited into your HSA, from either Verra Mobility or you, is money that is not subject to regular federal income tax. And, in most states, the money is also not subject to state income tax. *


* HSA deposits are pre-tax, with respect to federal income tax. But not all states recognize HSA deposits as pre-tax against their respective state income taxes. States that do not permit HSA pretax deductions include, 


1. California

2. New Jersey


Please check with your personal tax advisor to learn how your state treats HSA deposits for state income tax purposes.

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Tax-free Earnings


Many people do not realize, they can invest their excess HSA funds, just as they would a 401(k).


Yes, it's true. With an HSA plan, you are permitted to set aside a portion of your HSA and invest it in various investment vehicles, such as mutual funds and bonds. Better yet, growth in value of these investments happens tax-free! This tax-free growth is tremendous for your rate of return!


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Tax-free Spending


You read that right! You may spend your HSA money at any time. And money spend for eligible expenses - essentially medical, dental, and vision out-of-pocket, eligible expenses - can be purchased with your HSA funds without being subject to tax.


The Learn More button takes you HealthEquity's explanation of what expenses are eligible with your HSA.


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HSA Match and Contribution Limits

Verra Mobility HSA Match

In addition to the triple-tax savings benefit of the Health Savings (HSA), Verra Mobility will match your deposits, up to the following limits:

Employee only: Up to $700

Employee + Spouse: Up to $1,200

Employee + Child(ren): Up to $1,200

Employee + Family: Up to $1,700


2026 HSA Contribution Limits

In 2026, the maximum deposit for an individual is $4,400 per individual and $8,750 for families. Plus, if you are 55+, you may deposit an additional $1,000. Verra Mobility will help you save by matching your HSA contribution. This contribution will be pro-rated and will occur in every paycheck.  


Note: The above limits are from all sources. Specifically, Verra Mobility matches your contributions toward your HSA (please see below for more details). Therefore, the maximum contribution limit is the combination between the amount you and Verra Mobility contribute toward your account.


  • What is an HSA?

    A Health Savings Account (HSA) is a tax-advantaged account that allows you to save for medical expenses. It works in conjunction with a High-Deductible Health Plan (HDHP) and offers benefits like tax-free contributions and withdrawals for qualified medical expenses.

  • Who can contribute to an HSA?

    Anyone enrolled in a qualified HDHP can contribute to an HSA. This includes individuals with self-only or family coverage. Contributions can be made by the account holder, their employer, or anyone else on their behalf.

  • Does Verra Mobility make a contribution toward my HSA?

    If you enroll in the Base HDHP or Enhanced HDHP plan, Verra Mobility will help you save by matching your HSA contribution. This contribution will be pro-rated and will occur in every paycheck. For new hires, Verra Mobility’s first contribution will be made within the first pay period after you are benefits-eligible.

  • What are the tax benefits?

    HSAs offer triple tax benefits: contributions are tax-deductible, the account grows tax-free, and withdrawals for qualified medical expenses are also tax-free. This makes HSAs a powerful tool for managing healthcare costs.

  • Can I deposit to an HSA and have another plan, like an FSA?

    No. You are not allowed to enroll and contribute toward the traditional Health Care FSA, while also being enrolled in the HSA. There is an FSA that is compatiable with your HSA. You may only enroll and contribute toward a Limited Purpose FSA along side your HSA.

  • Do I lose my money if I don't use the funds at the end of the year?

    No. Unlike the FSA where the funds are use it or lose it, funds in the HSA rollover from year to year.