Page 7 - 2018 Thompson Coburn Enrollment
P. 7
Thompson Coburn
HSA Checklist
You own your HSA, which means you can withdraw funds tax-free as X Consider if an HSA is right for you
long as funds are available and the expenses are eligible for payment. It X Elect the HDP option during the
is also portable, so if you leave Thompson Coburn, you can continue enrollment period
to contribute to your HSA as long as you are enrolled in a qualiied high X To be eligible, you have to be
deductible plan. enrolled in the HDP, not enrolled
in Medicare, and not claimed as
When you are able to make choices that save money, those savings stay in a dependent on another person’s
your HSA for other healthcare expenses. For example, if you use an in- insurance plan
network doctor instead of an out-of-network doctor, your overall out-of- X Start contributing to your
pocket cost is less. account; for 2018, you can
Important Note: If you choose the Thompson Coburn HDP and open contribute up to $3,450 for
employee only coverage and
an HSA, you are ineligible to participate in any other type of health $6,900 for all other HDP tiers
plan including the Thompson Coburn medical FSA. You also cannot
coordinate beneits with Medicare or other insurance, such as a spouse’s X If you are age 55 or older, you
can make an additional “catch-
employer plan. up contribution” of up to $1,000
beyond the annual limit
You have the option to participate in the Thompson Coburn HDP and
not open an HSA. In this case, you would be eligible to participate in X Continue to add to and spend
another health plan except the Thompson Coburn health FSA. from your account for qualiied
medical expenses
X Keep your receipts
X HSA contributions can be made
pre-tax through Optum Bank
7
HSA Checklist
You own your HSA, which means you can withdraw funds tax-free as X Consider if an HSA is right for you
long as funds are available and the expenses are eligible for payment. It X Elect the HDP option during the
is also portable, so if you leave Thompson Coburn, you can continue enrollment period
to contribute to your HSA as long as you are enrolled in a qualiied high X To be eligible, you have to be
deductible plan. enrolled in the HDP, not enrolled
in Medicare, and not claimed as
When you are able to make choices that save money, those savings stay in a dependent on another person’s
your HSA for other healthcare expenses. For example, if you use an in- insurance plan
network doctor instead of an out-of-network doctor, your overall out-of- X Start contributing to your
pocket cost is less. account; for 2018, you can
Important Note: If you choose the Thompson Coburn HDP and open contribute up to $3,450 for
employee only coverage and
an HSA, you are ineligible to participate in any other type of health $6,900 for all other HDP tiers
plan including the Thompson Coburn medical FSA. You also cannot
coordinate beneits with Medicare or other insurance, such as a spouse’s X If you are age 55 or older, you
can make an additional “catch-
employer plan. up contribution” of up to $1,000
beyond the annual limit
You have the option to participate in the Thompson Coburn HDP and
not open an HSA. In this case, you would be eligible to participate in X Continue to add to and spend
another health plan except the Thompson Coburn health FSA. from your account for qualiied
medical expenses
X Keep your receipts
X HSA contributions can be made
pre-tax through Optum Bank
7
