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Health Savings Account Opening an HSA
(HSA) We partner with Wage Works for
our HSA program; DAWSON will
The HSA plan is available to US Mainland EEs who enroll in the pay the monthly HSA administration
HDHP medical plan. A health savings account (HSA) is a tax-favored fee while you are enrolled in the
HDHP medical plan.
savings account which works in conjunction with your HDHP medical
plan coverage. HSA dollars can be used to pay for qualiied medical As you enroll through ADP, you will
expenses such as deductibles, copays, dental, and vision care. For a have the option to contribute to
complete list of qualiied medical expenses, visit www.irs.gov in IRS your HSA. If you elect to contribute,
Publication 502. you must review the terms and
conditions of the BNY Mellon bank
and as you select to conirm your
HSA Major Benefits annual HSA election, you will
X Funds always belong to you authorize DAWSON to open an
account on your behalf.
X Funds always roll over from year to year You will receive a welcome kit and
X Lowers your taxable income instructions to log into WageWorks
to fully register your account and
HSA Triple Tax Savings designate your beneiciary.
X Tax deduction when you contribute to your account Visit www.wageworks.com for
X Tax-free earnings through investment more information.
X Tax-free withdrawal for qualiied medical expenses
2020 HSA Funding Limits
Coverage Level Limit
Individual Coverage $3,550
Family Coverage $7,100
Age 55 or Older Contribute an additional $1,000 on top
of these amounts
Dawson 17
(HSA) We partner with Wage Works for
our HSA program; DAWSON will
The HSA plan is available to US Mainland EEs who enroll in the pay the monthly HSA administration
HDHP medical plan. A health savings account (HSA) is a tax-favored fee while you are enrolled in the
HDHP medical plan.
savings account which works in conjunction with your HDHP medical
plan coverage. HSA dollars can be used to pay for qualiied medical As you enroll through ADP, you will
expenses such as deductibles, copays, dental, and vision care. For a have the option to contribute to
complete list of qualiied medical expenses, visit www.irs.gov in IRS your HSA. If you elect to contribute,
Publication 502. you must review the terms and
conditions of the BNY Mellon bank
and as you select to conirm your
HSA Major Benefits annual HSA election, you will
X Funds always belong to you authorize DAWSON to open an
account on your behalf.
X Funds always roll over from year to year You will receive a welcome kit and
X Lowers your taxable income instructions to log into WageWorks
to fully register your account and
HSA Triple Tax Savings designate your beneiciary.
X Tax deduction when you contribute to your account Visit www.wageworks.com for
X Tax-free earnings through investment more information.
X Tax-free withdrawal for qualiied medical expenses
2020 HSA Funding Limits
Coverage Level Limit
Individual Coverage $3,550
Family Coverage $7,100
Age 55 or Older Contribute an additional $1,000 on top
of these amounts
Dawson 17
