Page 15 - Dawson 2021 New Hire Guide
P. 15
2021 Benefits Guide
Health Savings Account Opening an HSA
(HSA) We partner with Health Equity for our HSA program;
DAWSON will pay the monthly HSA administration fee while
The HSA plan is available to Mainland EEs who enroll you are enrolled in the HDHP medical plan.
in the HDHP medical plan. A health savings account As you enroll through ADP, you will have the option to
(HSA) is a tax-favored savings account which works in contribute to your HSA. If you elect to contribute, you must
conjunction with your HDHP medical plan coverage. review the terms and conditions of the Health Equity HSA
HSA dollars can be used to pay for qualiied medical account to conirm your annual HSA election and you will
authorize DAWSON to open an account on your behalf.
expenses such as deductibles, copays, dental, and vision
care. For a complete list of qualiied medical expenses, You will receive a welcome kit and instructions to log into
visit www.irs.gov in IRS Publication 502. Health Equity to fully register your account and designate
your beneiciary.
HSA Major Benefits Visit www.healthequity.com for more information.
Funds always belong to you
Funds always roll over from year to year
Lowers your taxable income
HSA Triple Tax Savings
Tax-free deduction when you contribute to your
account
Tax-free earnings through investment
Tax-free withdrawal for qualiied medical expenses
2021 HSA Funding Limits
Coverage Level Limit
Individual Coverage $3,600
Family Coverage $7,200
Age 55 or Older Contribute an additional $1,000 on top
of these amounts
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Health Savings Account Opening an HSA
(HSA) We partner with Health Equity for our HSA program;
DAWSON will pay the monthly HSA administration fee while
The HSA plan is available to Mainland EEs who enroll you are enrolled in the HDHP medical plan.
in the HDHP medical plan. A health savings account As you enroll through ADP, you will have the option to
(HSA) is a tax-favored savings account which works in contribute to your HSA. If you elect to contribute, you must
conjunction with your HDHP medical plan coverage. review the terms and conditions of the Health Equity HSA
HSA dollars can be used to pay for qualiied medical account to conirm your annual HSA election and you will
authorize DAWSON to open an account on your behalf.
expenses such as deductibles, copays, dental, and vision
care. For a complete list of qualiied medical expenses, You will receive a welcome kit and instructions to log into
visit www.irs.gov in IRS Publication 502. Health Equity to fully register your account and designate
your beneiciary.
HSA Major Benefits Visit www.healthequity.com for more information.
Funds always belong to you
Funds always roll over from year to year
Lowers your taxable income
HSA Triple Tax Savings
Tax-free deduction when you contribute to your
account
Tax-free earnings through investment
Tax-free withdrawal for qualiied medical expenses
2021 HSA Funding Limits
Coverage Level Limit
Individual Coverage $3,600
Family Coverage $7,200
Age 55 or Older Contribute an additional $1,000 on top
of these amounts
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