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P. 10
2017 Benefits Enrollment
Medical Plan Benefits
Always remember to
keep your receipts!
If the IRS audits you How the HSA Silver Plan Works
to make sure you
used your HSA for How You Pay for Coverage
eligible expenses, you You pay for a portion of coverage under the Consumer Driven Health Plan plan
will need to provide through payroll contributions, with The Carlstar Group paying the majority of the
receipts in order to cost.
avoid paying the How to fund your HSA Silver Health Savings Account
penalty. You can set aside dollars on a pre-tax basis through payroll deduction.
How the Plan Provides Coverage
You pay for all other medical and prescription drug services up to the plan’s
annual deductible.
After you satisfy the annual deductible, you pay the appropriate coinsurance
(20%) or copay until you meet the annual out-of-pocket maximum.
The plan pays 100% of eligible expenses once you meet the annual out-of-
pocket maximum.
How You Use Your HSA Silver Account
You determine how and when to use your HSA dollars. You can use your funds
to pay for qualiied expenses covered by the Consumer Driven Health Plan. If
you decide to use funds to pay for ineligible expenses, there will be a penalty,
plus income tax payment. You can also pay for health expenses out of pocket
and let your HSA funds grow. Whatever annual amount you elect to contribute
(if any) will be divided by the number of pay periods in the year, and will be
deducted from your pay stub and deposited into your HSA.
Any funds remaining at the end of the year will remain in your account for
future use. If you leave The Carlstar Group, you take your HSA funds with you.
The IRS mandates maximum contribution limits to HSAs annually. The
2017 contribution limits are below.
$3,400 for an individual
$6,750 for a family
If you are age 55 or older you are eligible for an additional catch-up
contribution of $1,000 annually
10
Medical Plan Benefits
Always remember to
keep your receipts!
If the IRS audits you How the HSA Silver Plan Works
to make sure you
used your HSA for How You Pay for Coverage
eligible expenses, you You pay for a portion of coverage under the Consumer Driven Health Plan plan
will need to provide through payroll contributions, with The Carlstar Group paying the majority of the
receipts in order to cost.
avoid paying the How to fund your HSA Silver Health Savings Account
penalty. You can set aside dollars on a pre-tax basis through payroll deduction.
How the Plan Provides Coverage
You pay for all other medical and prescription drug services up to the plan’s
annual deductible.
After you satisfy the annual deductible, you pay the appropriate coinsurance
(20%) or copay until you meet the annual out-of-pocket maximum.
The plan pays 100% of eligible expenses once you meet the annual out-of-
pocket maximum.
How You Use Your HSA Silver Account
You determine how and when to use your HSA dollars. You can use your funds
to pay for qualiied expenses covered by the Consumer Driven Health Plan. If
you decide to use funds to pay for ineligible expenses, there will be a penalty,
plus income tax payment. You can also pay for health expenses out of pocket
and let your HSA funds grow. Whatever annual amount you elect to contribute
(if any) will be divided by the number of pay periods in the year, and will be
deducted from your pay stub and deposited into your HSA.
Any funds remaining at the end of the year will remain in your account for
future use. If you leave The Carlstar Group, you take your HSA funds with you.
The IRS mandates maximum contribution limits to HSAs annually. The
2017 contribution limits are below.
$3,400 for an individual
$6,750 for a family
If you are age 55 or older you are eligible for an additional catch-up
contribution of $1,000 annually
10
