Page 18 - Dawson 2022 Benefits Guide
P. 18
18 DAWSON
HOW THE HSA WORKS
When You Have a Healthcare Once Your Deductible is Met
Expense
You are responsible for paying the remaining
You decide whether or not to use the funds deductible and coinsurance up to the out-of-
from your HSA or pay out of pocket. The pocket maximum limits. Once met, the plan
HDHP has no copays. You are responsible for pays 100% of your eligible medical expenses.
paying for all non-preventive medical ser- You may contribute funds to your HSA to cal-
vices and non-preventive prescriptions until endar year limits.
you meet your annual deductible.
There is no “use it or lose it” rule. Any unused Want to pay for your eligible
money will remain in your HSA for future use. If medical expenses tax-free?
you leave DAWSON, you take your HSA funds Make pretax contributions to your HSA
with you.
through payroll deduction. The IRS contribu-
tion limits for 2022 are $3,650 for individu-
als and $7,300 for families. Individuals aged
55 and older may contribute an additional
$1,000 to their HSA. These funds can be with-
drawn at any time to pay for qualified medical
expenses tax-free. Refer to IRS Publication
502 for a complete list of eligible expenses at
irs.gov/pub/irs-pdf/p502.pdf.
HOW THE HSA WORKS
When You Have a Healthcare Once Your Deductible is Met
Expense
You are responsible for paying the remaining
You decide whether or not to use the funds deductible and coinsurance up to the out-of-
from your HSA or pay out of pocket. The pocket maximum limits. Once met, the plan
HDHP has no copays. You are responsible for pays 100% of your eligible medical expenses.
paying for all non-preventive medical ser- You may contribute funds to your HSA to cal-
vices and non-preventive prescriptions until endar year limits.
you meet your annual deductible.
There is no “use it or lose it” rule. Any unused Want to pay for your eligible
money will remain in your HSA for future use. If medical expenses tax-free?
you leave DAWSON, you take your HSA funds Make pretax contributions to your HSA
with you.
through payroll deduction. The IRS contribu-
tion limits for 2022 are $3,650 for individu-
als and $7,300 for families. Individuals aged
55 and older may contribute an additional
$1,000 to their HSA. These funds can be with-
drawn at any time to pay for qualified medical
expenses tax-free. Refer to IRS Publication
502 for a complete list of eligible expenses at
irs.gov/pub/irs-pdf/p502.pdf.
