The Healthy Savings Plan is available to all benefit-eligible faculty and staff. Non-Medicare-eligible retirees and dependents have access to the Retiree Healthy Savings Plan. As the University's IRS-qualified high-deductible health plan, you can enroll in a health savings account (HSA). For eligible faculty and staff, the University makes contributions to your HSA.
2025 Healthy Savings Plan
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The Healthy Savings Plan is available regardless of location. The plan is coupled with a Health Savings Account (HSA). Your employer makes an annual contribution to help increase your savings for qualified health care expenses.
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? Plan Features
- You pay the full cost of medical services and prescription drugs until you reach your annual deductible.
- The price of in-network medical services and prescription drugs is discounted. You pay the total of that discounted price until the deductible is met.
- After you meet the deductible, you pay 15% of the cost of covered in-network medical services and prescription drugs until you reach the out-of-pocket limit (comprised of deductibles, coinsurance and prescription drug charges).
- Once the annual out-of-pocket limit is met, the plan will pay 100% of covered services and prescription drugs for the rest of the year.
- The deductible for the Healthy Savings Plan combines medical services and prescription drug expenses, rather than having one deductible for each. Similarly, the out-of-pocket limit combines medical and prescription expenses.
- You may be eligible for a Dependent Care Flexible Spending Account (FSA) but not a Health Care FSA since you have access to an HSA.
- For those in the Columbia area, 90-day fills/refills are available at Mizzou pharmacies at the same cost as mail-order. Participants may fill specialty medications through a or Accredo.
? Eligibility
Benefit-eligible faculty and staff may enroll and may cover eligible dependents.
Coverage for dependents
Dependents may include:
- Spouse or Sponsored Adult Dependent of an employee
- A child of an employee who is younger than 26 years of age
- A child of an employee over the age of 26 who is mentally or physically incapable of self-sustaining employment and meets other plan requirements
- Child for whom health care coverage is required through a Qualified Medical Child Support Order or other court/administrative order.
You should ensure you understand the details of your status by accessing the Summary Plan Description (SPD) for the insurance plan and reading the full definition.