Page 9 - EMSAR 2022 Benefits Guide
P. 9
2022
Benefits Guide
Health Savings Account
Mybenefitwallet Why is an HSA valuable?
A health savings account (HSA) is like a personal z An HSA ofers a unique opportunity to save
savings account, but the money should be used to money
cover out-of-pocket qualiied health care expenses z Pretax contributions you make through payroll
(e.g., deductibles, coinsurance, and services not deduction lower your taxable income
covered by insurance).
z EMSAR HSA contribution doesn’t count as part
You can elect to contribute pre-tax to your of your taxable income
HSA. During the plan year, you can change your z Your HSA allows you to invest your HSA savings
contribution elections. for current and future medical expenses
z You don’t pay federal taxes on any investment
You own and control the money in your HSA. You
decide when and how to use the money in your HSA earnings
to pay for current and future qualiied health care z You don’t pay federal taxes on the money you
expenses for you and your eligible dependents. use to pay for qualiied medical, dental, and
vision expenses
You can use your HSA debit card to pay for medical,
dental, and vision care at the time of service, online, For Today—Use it Now
or when you receive your bill in the mail. Whether visiting the doctor, illing prescriptions, or
receiving some other type of healthcare, you can use
The entire balance is yours to keep—even if you your HSA to pay for qualiied expenses tax-free at
change jobs, change medical coverage, or retire. the time of service.
For Tomorrow—When You Need it
EMSAR makes an annual contribution to
your HSA. Each year, $500 will be provided Saving even a small amount of money now could
for associate-only coverage, and $750 will make all the diference later. Healthcare costs can be
be provided for associate plus dependent unexpected. You will rest better knowing the money
coverage. The EMSAR contribution will be is there when you need it.
distributed throughout the year on a per-
pay-period basis. For Your Future—in Retirement
You might choose to save and invest money in
your HSA for your future healthcare expenses in
retirement. By waiting as long as possible to spend
your HSA assets, you maximize your potential
investment returns and give yourself as much money
as possible for your future.
9
Benefits Guide
Health Savings Account
Mybenefitwallet Why is an HSA valuable?
A health savings account (HSA) is like a personal z An HSA ofers a unique opportunity to save
savings account, but the money should be used to money
cover out-of-pocket qualiied health care expenses z Pretax contributions you make through payroll
(e.g., deductibles, coinsurance, and services not deduction lower your taxable income
covered by insurance).
z EMSAR HSA contribution doesn’t count as part
You can elect to contribute pre-tax to your of your taxable income
HSA. During the plan year, you can change your z Your HSA allows you to invest your HSA savings
contribution elections. for current and future medical expenses
z You don’t pay federal taxes on any investment
You own and control the money in your HSA. You
decide when and how to use the money in your HSA earnings
to pay for current and future qualiied health care z You don’t pay federal taxes on the money you
expenses for you and your eligible dependents. use to pay for qualiied medical, dental, and
vision expenses
You can use your HSA debit card to pay for medical,
dental, and vision care at the time of service, online, For Today—Use it Now
or when you receive your bill in the mail. Whether visiting the doctor, illing prescriptions, or
receiving some other type of healthcare, you can use
The entire balance is yours to keep—even if you your HSA to pay for qualiied expenses tax-free at
change jobs, change medical coverage, or retire. the time of service.
For Tomorrow—When You Need it
EMSAR makes an annual contribution to
your HSA. Each year, $500 will be provided Saving even a small amount of money now could
for associate-only coverage, and $750 will make all the diference later. Healthcare costs can be
be provided for associate plus dependent unexpected. You will rest better knowing the money
coverage. The EMSAR contribution will be is there when you need it.
distributed throughout the year on a per-
pay-period basis. For Your Future—in Retirement
You might choose to save and invest money in
your HSA for your future healthcare expenses in
retirement. By waiting as long as possible to spend
your HSA assets, you maximize your potential
investment returns and give yourself as much money
as possible for your future.
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