Page 9 - 2018 Movilitas Benefit Guide
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HSA HSA Eligibility
What is a Health Savings Account (HSA)? You may open and contribute pre-
tax to an HSA under the following
An HSA is a tax-favored account which works in conjunction with circumstances .
your health plan coverage. HSA dollars can be used to pay for qualiied Enrolled in an IRS qualiied high
medical expenses such as deductibles, copays, dental, and vision care. For deductible health plan (HDHP)
a complete list of qualiied medical expenses visit www.irs.gov in IRS Cannot be enrolled in a
Publication 502. traditional PPO plan through
your spouse or other employer
HSA Major Benefits sponsored plan options
Funds always belong to you
Cannot be enrolled in a
Funds always roll over to use the following year Government sponsored
Lowers your taxable income program (Medicare, Medicaid,
Tricare, etc .)
HSA Triple Tax Savings Cannot have received VA
Tax deduction when you contribute to your account beneits within the last 3
Tax-free earnings through investment months (unless receiving
beneits for a service related
Tax-free withdrawal for qualiied medical expenses disability)
You may open an HSA through Adirondack Trust Company. Visit Cannot be claimed as a
www.adirondacktrust.com or see a member of your Human Resources dependent on someone else’s
tax return
team for more information.
Cannot have an HSA and
2018 HSA Funding Limits healthcare FSA; your spouse
Coverage Level Limit cannot have a healthcare FSA
Individual Coverage $3,450 through his/her own employer
Family Coverage $6,900
Age 55 or Older Contribute an additional $1,000 on top of these amounts
Movilitas Funds Your HSA!
For those electing the $3,000 Qualiied HDHP Plan and opening an
account, Movilitas will contribute the following amounts.
$250 for employee-only coverage
$500 for family coverage
Note: employer contribution will be paid out in full in January.
Movilitas 9
What is a Health Savings Account (HSA)? You may open and contribute pre-
tax to an HSA under the following
An HSA is a tax-favored account which works in conjunction with circumstances .
your health plan coverage. HSA dollars can be used to pay for qualiied Enrolled in an IRS qualiied high
medical expenses such as deductibles, copays, dental, and vision care. For deductible health plan (HDHP)
a complete list of qualiied medical expenses visit www.irs.gov in IRS Cannot be enrolled in a
Publication 502. traditional PPO plan through
your spouse or other employer
HSA Major Benefits sponsored plan options
Funds always belong to you
Cannot be enrolled in a
Funds always roll over to use the following year Government sponsored
Lowers your taxable income program (Medicare, Medicaid,
Tricare, etc .)
HSA Triple Tax Savings Cannot have received VA
Tax deduction when you contribute to your account beneits within the last 3
Tax-free earnings through investment months (unless receiving
beneits for a service related
Tax-free withdrawal for qualiied medical expenses disability)
You may open an HSA through Adirondack Trust Company. Visit Cannot be claimed as a
www.adirondacktrust.com or see a member of your Human Resources dependent on someone else’s
tax return
team for more information.
Cannot have an HSA and
2018 HSA Funding Limits healthcare FSA; your spouse
Coverage Level Limit cannot have a healthcare FSA
Individual Coverage $3,450 through his/her own employer
Family Coverage $6,900
Age 55 or Older Contribute an additional $1,000 on top of these amounts
Movilitas Funds Your HSA!
For those electing the $3,000 Qualiied HDHP Plan and opening an
account, Movilitas will contribute the following amounts.
$250 for employee-only coverage
$500 for family coverage
Note: employer contribution will be paid out in full in January.
Movilitas 9
