Health Savings Account ( HSA )
Administered by OptumHealth
If you enroll in one of the Consumer Directed medical plan options , you ’ re eligible to participate in a Health Savings Account ( HSA ) offered through Optum . If you enroll in a Traditional medical plan option , HSA contributions are not permitted under IRS rules .
Contributing to the HSA is like contributing to your 401 ( k ) – it provides a tax-free way for you to save for current and future eligible medical , dental , vision , and prescription expenses . Contributions are deposited into your account before federal , state , and Social Security taxes are withheld . And you pay no taxes when you use your HSA funds to pay for eligible expenses .
We are excited to announce the opportunity to earn Company Contributions to your Optum HSA account .
|
IRS HSA Contribution Limits |
|
Status |
2023 |
2024 |
Employee Only |
$ 3,850 |
$ 4,150 |
Family |
$ 7,750 |
$ 8,300 |
If you are age 55 or older , you may contribute an additional $ 1,000 to your HSA . |
HSA participation offers you several key advantages :
» You can pay for eligible medical , dental and vision expenses with pre-tax dollars , maximizing your savings .
» You can access your account via debit card , online or through a mobile app .
» You can change or stop your contributions any time during the year .
» Your unused funds roll over from year to year .
» Your account is portable , so you can take it with you if you change medical plans , retire or change jobs .
» You can direct funds to pay your provider directly or request a reimbursement for amounts you pay out-of-pocket .
For more information , visit the Optum Financial Services website ( www . optumbank . com ), or call customer service at 800.243.5543 ( Monday – Friday , 7 am – 7 pm ).
Take the time to learn how the HSA can help you save !
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