Page 14 - Dentsu 2021 Benefit Guide

Health Savings

Account (HSA)

When you enroll in a High Deductible Health Plan Don’t forget,
(HDHP), you will be given seed money in your Health In 2021, we contribute a pro-
Savings Account (HSA) to help you offset your out of rated monthly amount to your
pocket expenses. An account will be opened for you Health Savings Account based
with Optum Bank. on the plan you elected:

An HSA is a great way to pay for your medical expenses Classic HDHP
now and save for the future. An HSA is triple tax
free. This means your contributions are tax free, your • $500 annual contribution
qualifying distributions are tax free and any earnings on for individual coverage
your account grow tax free.
• $1,000 annual contribution
for family coverage
The 2021 maximum HSA Contributions are:

• Single Coverage | $3,600 Value HDHP
• Family Coverage | $7,200 • $750 annual contribution
• If you are age 55 or older, you can also make catch for individual coverage
up contributions up to $1,000 • $1,500 annual contribution

Keep in mind, your HSA is yours to keep. It goes where for family coverage
you go and any unused balances carry over each year. These contributions are
deposited on a monthly basis.

You must be enrolled in either the
Classic HDHP or Value HDHP medical plans
to be eligible to sign up for a HSA.

14 2021 Benefits Enrollment