Health Savings Account
Augustana College offers a health savings account for those employees enrolled in a high deductible health plan (HDHP). This account is managed by Quad City Bank and Trust. HDHPs allow employees to set aside pre-tax earnings to be used for eligible medical expenses. This amount is payroll deducted and loaded automatically onto a debit card.
Employees may change the annual election amount only during open enrollment (generally August of each year). In addition, employees may enroll or change their election after experiencing one of the following qualifying events: marriage, divorce, birth, adoption, death, or loss of coverage elsewhere.
For full information on qualifying conditions or changing your deduction, contact the HR Office.