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2019
Patton Logistics Benefits Enrollment
HEALTH SAVINGS ACCOUNT Opening an HSA
(HSA) We partner with HSA Bank for our
HSA program. HSA Bank charges
The HSA plan is available to employees who enroll in the medical plan. a $1.75 per month access fee
A health savings account (HSA) is a tax-favored savings account which which will be deducted from your
monthly account balance.
works in conjunction with your medical plan coverage. HSA dollars can
be used to pay for qualiied medical expenses such as deductibles, copays, As you enroll through Patton’s
dental, and vision care. For a complete list of qualiied medical expenses, enrollment counselors, you will
have the option to contribute
visit www.irs.gov in IRS Publication 502. to your HSA. If you elect to
contribute, you be sent a link
HSA Major Benefits to HSA Bank that will allow
you to register and open your
Funds always belong to you account. If you do not open your
account within two months of
Funds always roll over from year to year contributing to your HSA, your
Lowers your taxable income payroll deductions will be stopped
and any pre-tax contributions will
be returned to you as taxable
HSA Triple Tax Savings earnings.
Tax deduction when you contribute to your account You will receive a welcome kit
Tax-free earnings through investment along with your HSA Bank debit
card, which you may use to pay
Tax-free withdrawal for qualiied medical expenses for eligible expenses.
2019 HSA Funding Limits
Coverage Level Limit
Individual Coverage $3,500
Family Coverage $7,000
Age 55 or Older Contribute an additional $1,000 on top
of these amounts
9
Patton Logistics Benefits Enrollment
HEALTH SAVINGS ACCOUNT Opening an HSA
(HSA) We partner with HSA Bank for our
HSA program. HSA Bank charges
The HSA plan is available to employees who enroll in the medical plan. a $1.75 per month access fee
A health savings account (HSA) is a tax-favored savings account which which will be deducted from your
monthly account balance.
works in conjunction with your medical plan coverage. HSA dollars can
be used to pay for qualiied medical expenses such as deductibles, copays, As you enroll through Patton’s
dental, and vision care. For a complete list of qualiied medical expenses, enrollment counselors, you will
have the option to contribute
visit www.irs.gov in IRS Publication 502. to your HSA. If you elect to
contribute, you be sent a link
HSA Major Benefits to HSA Bank that will allow
you to register and open your
Funds always belong to you account. If you do not open your
account within two months of
Funds always roll over from year to year contributing to your HSA, your
Lowers your taxable income payroll deductions will be stopped
and any pre-tax contributions will
be returned to you as taxable
HSA Triple Tax Savings earnings.
Tax deduction when you contribute to your account You will receive a welcome kit
Tax-free earnings through investment along with your HSA Bank debit
card, which you may use to pay
Tax-free withdrawal for qualiied medical expenses for eligible expenses.
2019 HSA Funding Limits
Coverage Level Limit
Individual Coverage $3,500
Family Coverage $7,000
Age 55 or Older Contribute an additional $1,000 on top
of these amounts
9
