HEALTH SAVINGS
ACCOUNT (HSA)
By law, Health Savings
Accounts are available to members who enroll in an HDHP, are
not Medicare enrolled, are not covered by another health plan,
or are not claimed as a dependent on someone else’s Federal tax
return. The health plan credits a portion of the health plan
premium to the HSA.
The credited amount is different
for a Self Only enrollment than for a Self and Family
enrollment. You have the option to make additional tax-free
contributions to your account, so long as total contributions do
not exceed the limits established by law, generally the plan
deductible. The funds can be used to pay for your plan
deductible and/or qualified medical expenses that do not count
towards your deductible. |