Page 14 - Intertek 2022 Benefits Guide
P. 14
You Need to Know For a Health Savings
Healthier You Account
You must enroll in the CDHP coverage option under
the Intertek health plan to be eligible to open a HSA What is a Health Savings
If you enroll in the CDHP, you will receive a welcome Account?
kit outlining how to manage, contribute to, and use
your HSA An HSA is a tax-favored account you can use to pay
Download the HealthEquity mobile app from your for eligible current and future healthcare expenses
smartphone’s app store to manage your account online with tax-free dollars. You must enroll in the Consumer
Driven Health Plan (CDHP) to be eligible to open a
HSA. There is no use it lose it rule. Any unused money
will remain in your HSA for future use.
Intertek does not own the account. You own the
account. If you leave the company, you keep the funds.
Funds may be withdrawn at any time to pay for
qualiied medical expenses tax-free for most medical,
dental, and vision care.
HSA expenses can be incurred by you, your spouse,
and dependents claimed on your personal tax return
even if the dependents are not enrolled in the CDHP
plan. For a complete list of eligible expenses, please
refer to the HSA page on healthequity.com or IRS
Publication 502 at irs.gov.
Funding Your Account
You may contribute up to the amounts listed in the
chart below.
Contribution
Coverage Tier IRS Annual Limit*
Employee $3,650
Employee + 1 or family $7,300
* Individuals age 55 and older or individuals who reach age 55 by
December 31, 2022 can make a catch-up contribution of up to
$1,000.
Employee contributions are divided by the 26 pay periods.
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Healthier You Account
You must enroll in the CDHP coverage option under
the Intertek health plan to be eligible to open a HSA What is a Health Savings
If you enroll in the CDHP, you will receive a welcome Account?
kit outlining how to manage, contribute to, and use
your HSA An HSA is a tax-favored account you can use to pay
Download the HealthEquity mobile app from your for eligible current and future healthcare expenses
smartphone’s app store to manage your account online with tax-free dollars. You must enroll in the Consumer
Driven Health Plan (CDHP) to be eligible to open a
HSA. There is no use it lose it rule. Any unused money
will remain in your HSA for future use.
Intertek does not own the account. You own the
account. If you leave the company, you keep the funds.
Funds may be withdrawn at any time to pay for
qualiied medical expenses tax-free for most medical,
dental, and vision care.
HSA expenses can be incurred by you, your spouse,
and dependents claimed on your personal tax return
even if the dependents are not enrolled in the CDHP
plan. For a complete list of eligible expenses, please
refer to the HSA page on healthequity.com or IRS
Publication 502 at irs.gov.
Funding Your Account
You may contribute up to the amounts listed in the
chart below.
Contribution
Coverage Tier IRS Annual Limit*
Employee $3,650
Employee + 1 or family $7,300
* Individuals age 55 and older or individuals who reach age 55 by
December 31, 2022 can make a catch-up contribution of up to
$1,000.
Employee contributions are divided by the 26 pay periods.
14
