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2020
Thompson Coburn Enrollment Guide
You own your HSA, which means you can withdraw funds tax-free as
long as funds are available and the expenses are eligible for payment. It HSA Checklist
is also portable, so if you leave Thompson Coburn, you can continue Consider if an HSA is right
to contribute to your HSA as long as you are enrolled in a qualiied high for you
deductible plan. Elect the HDP option during
the enrollment period
When you are able to make choices that save money, those savings stay in To be eligible, you have to
your HSA for other healthcare expenses. For example, if you use an in- be enrolled in the HDP, not
network doctor instead of an out-of-network doctor, your overall out-of- enrolled in Medicare, and
pocket cost is less. not claimed as a dependent
on another person’s
You have the option to participate in the Thompson Coburn HDP and insurance plan
not open an HSA. In this case, you would be eligible to participate in Start contributing to your
another health plan. account; for 2020, you can
contribute up to $3,550 for
employee only coverage
and $7,100 for all other
HDP tiers
If you are age 55 or older,
you can make an additional
“catch-up contribution” of
up to $1,000 beyond the
annual limit
Continue to add to
and spend from your
account for qualiied
medical expenses
Keep your receipts
For Employees, HSA
contributions can be made
pre-tax through Optum
Bank
7
Thompson Coburn Enrollment Guide
You own your HSA, which means you can withdraw funds tax-free as
long as funds are available and the expenses are eligible for payment. It HSA Checklist
is also portable, so if you leave Thompson Coburn, you can continue Consider if an HSA is right
to contribute to your HSA as long as you are enrolled in a qualiied high for you
deductible plan. Elect the HDP option during
the enrollment period
When you are able to make choices that save money, those savings stay in To be eligible, you have to
your HSA for other healthcare expenses. For example, if you use an in- be enrolled in the HDP, not
network doctor instead of an out-of-network doctor, your overall out-of- enrolled in Medicare, and
pocket cost is less. not claimed as a dependent
on another person’s
You have the option to participate in the Thompson Coburn HDP and insurance plan
not open an HSA. In this case, you would be eligible to participate in Start contributing to your
another health plan. account; for 2020, you can
contribute up to $3,550 for
employee only coverage
and $7,100 for all other
HDP tiers
If you are age 55 or older,
you can make an additional
“catch-up contribution” of
up to $1,000 beyond the
annual limit
Continue to add to
and spend from your
account for qualiied
medical expenses
Keep your receipts
For Employees, HSA
contributions can be made
pre-tax through Optum
Bank
7
