Health Savings Account (HSA)

Mattamy is proud to offer a High Deductible Health Plan (HDHP) with a Health Savings Account (HSA) to help you live healthy now and save toward a healthy future.

While the Cigna HDHP costs less per pay period than the Cigna 80 or 90 plans, it has a higher deductible that applies to most medical services and prescription drugs before the plan pays. To help manage the higher out-of-pocket costs of the Cigna HDHP, you can use your HSA to save for qualified expenses on a pre-tax basis – including Mattamy’s contribution.

Please note: The information on this page shows both 2026 and 2027 information. Take a moment to review your 2027 coverage details as you prepare for Open Enrollment. For more information on 2027 changes, visit the Open Enrollment Center.

With the Cigna HDHP, you can set aside money into your HSA through Smart-Choice for future medical needs.

An HSA is a great way to save money to pay for eligible health care expenses – and HSAs are triple tax-advantaged:

  • Dollars go in tax-free, lowering your taxable income
  • Interest earned is tax-free while the money is in your account
  • Withdrawals are tax-free when you use them for qualified expenses

Mattamy will also help you get started by contributing to your HSA throughout the year.

Don’t forget – You can also save your balance to pay for future expenses – even in retirement! You never forfeit your balance, even if you leave the company or switch medical plans. Let’s explore more details about your HSA.

How Your HSA Works

  • You must enroll in the Cigna High Deductible Health Plan to contribute to an HSA.
  • The Mattamy contribution will be deposited automatically. You do not have to contribute to your account to receive the Mattamy contribution.
  • The IRS imposes annual limits on how much can be contributed to your account – including the amount you contribute and the amount Mattamy contributes.
  • You can start and stop contributing at any time, ensuring you do not exceed the IRS limits.
  • There is no “Use It or Lose It” rule. Unused funds roll over from year to year, and the account is yours to keep even if you leave Mattamy.
  • You can invest your account balance at any time.

Are you eligible?

To qualify for an HSA, you must be enrolled in the Cigna HDHP and meet these requirements:

  • You can’t be covered by any other health plan.
  • You can’t currently be enrolled in Medicare.
  • You can’t be claimed as a dependent on someone else’s tax return.

Investing Your Funds

Another benefit of an HSA is that you can invest the funds in your account tax-free, making it a great vehicle for growing your money behind the scenes!

Once your HSA balance exceeds the required minimum account balance of $1,000, you’re eligible to invest your funds for growth. Similar to a 401(k), you can choose from a variety of funds. After establishing your investment account, you will have the ability to view your balances, transactions, and portfolio holdings, as well as place trades from within your portal – and easily transfer money between your regular HSA and your HSA investment account.

To learn more about investing your balance and establishing your investment account, visit the Smart-Choice HSA page.

Adding Beneficiaries

Make sure to protect your loved ones by entering or updating your beneficiary information.

  • Log in to Smart-Choice
  • Click the blue box under Your Accounts
  • Select View Beneficiaries
  • Add or edit your primary beneficiary