Page 10 - Monster Energy 2021-2022 Benefits Guide

ENGAGE

HEALTH SAVINGS ACCOUNT

A Health Savings Account (HSA) allows you to make tax-free contributions to a savings
account to pay for current and future medical expenses for you and your dependents.
The HSA is only available if you are enrolled in the UHC Select Plus HSA Plan, which is
a qualified high deductible plan.

START IT BUILD IT GROW IT
Contributions to the All of the money Unused money in your
HSA are tax-free. HSA in your HSA is yours — HSA will roll over, earn
maximums are set by the even if you leave interest and grow tax-free
IRS and for 2022 are: your job,change over time.

Individual $3,650 plans or retire. You decide how to use the
Family $7,300 HSA money, including
If you are age 55 or older, you can contribute whether to save it or
an additional $1,000 per year. USE IT spend it on eligible

Plans with an HSA typically You can withdraw expenses.
cost less than other plans, your money tax-free When your balance is
so the money you save on at any time, as long as large enough, you can
premiums can be put into you use it for qualified invest it — tax-free.
your HSA. You save money expenses.
on taxes and have more You can also save
flexibility and control over this money and hold
your health care dollars.
onto it for future eligible
health care expenses.

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