Page 16 - Dawson 2022 Benefits Guide
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16 DAWSON
HEALTH SAVINGS
ACCOUNTS (HSA) Opening an HSA
The Health Savings Account (HSA) plan is only available We partner with Health Equity for our HSA
to mainland employees who enroll in the Cigna High program; DAWSON will pay the monthly HSA
Deductible Health Plan (HDHP). An HSA is a tax-favored administration fee while you are enrolled in
savings account which works in conjunction with your the HDHP.
HDHP coverage. HSA dollars can be used to pay for As you enroll through ADP, you will have the
qualified medical expenses such as deductibles, copays, option to contribute to your HSA. If you elect
dental, and vision care. For a complete list of qualified to contribute, you must review the terms and
medical expenses, visit irs.gov/pub/irs-pdf/p502.pdf. conditions of the Health Equity HSA account
to confirm your annual HSA election and you
HSA BENEFITS will authorize DAWSON to open an account
• Funds always belong to you on your behalf.
• Funds always roll over from year to year You will receive a welcome kit and instructions
• Lowers your taxable income to log in to Health Equity to register your
account and designate your beneficiary.
HSA TRIPLE TAX SAVINGS Visit healthequity.com for more information.
• Tax-free deduction when you contribute to your
account
• Tax-free earnings through investment
• Tax-free withdrawal for qualified medical expenses
2022 HSA Funding Limits
Coverage Level Limit
Individual Coverage $ $ 3,650
Family Coverage $7,300
Contribute an additional $1,000
Age 55 or Older
on top of these amounts
HEALTH SAVINGS
ACCOUNTS (HSA) Opening an HSA
The Health Savings Account (HSA) plan is only available We partner with Health Equity for our HSA
to mainland employees who enroll in the Cigna High program; DAWSON will pay the monthly HSA
Deductible Health Plan (HDHP). An HSA is a tax-favored administration fee while you are enrolled in
savings account which works in conjunction with your the HDHP.
HDHP coverage. HSA dollars can be used to pay for As you enroll through ADP, you will have the
qualified medical expenses such as deductibles, copays, option to contribute to your HSA. If you elect
dental, and vision care. For a complete list of qualified to contribute, you must review the terms and
medical expenses, visit irs.gov/pub/irs-pdf/p502.pdf. conditions of the Health Equity HSA account
to confirm your annual HSA election and you
HSA BENEFITS will authorize DAWSON to open an account
• Funds always belong to you on your behalf.
• Funds always roll over from year to year You will receive a welcome kit and instructions
• Lowers your taxable income to log in to Health Equity to register your
account and designate your beneficiary.
HSA TRIPLE TAX SAVINGS Visit healthequity.com for more information.
• Tax-free deduction when you contribute to your
account
• Tax-free earnings through investment
• Tax-free withdrawal for qualified medical expenses
2022 HSA Funding Limits
Coverage Level Limit
Individual Coverage $ $ 3,650
Family Coverage $7,300
Contribute an additional $1,000
Age 55 or Older
on top of these amounts
