Page 13 - 2022 Benegit Guide

Health Savings Account (HSA)

Before You Meet the Deductible After You Meet the Deductible
• Preventive care does not apply to the deductible. • You pay the applicable coinsurance, (your
• You pay 100% of the cost of your health care and percentage of the bill) for covered medical and
prescription drug expenses until you meet your prescription drug expenses.
deductible.

• If you cover anyone other than yourself, all of your • The out-of-pocket maximum provides financial
protection from high medical and prescription
family’s combined expenses are applied to the drug expenses.
family deductible, which must be met before the
plan begins to pay benefits for any individual
person.

How It Works:

• Your HSA will be set-up with Anthem Actwise after you enroll and designate your annual contribution
amount.
• SSC will match your annual contribution dollar for dollar, up to $600 if you have single coverage, and up
to $1,200 if you have any other coverage level.
• You can contribute up to $3,650 for Team Member-only coverage, or $7,300* for Team Member +
dependent coverage in 2022. This amount is increased by $1,000 for HSA participants age 55 or older.
SSC will send your tax-advantaged payroll contributions to your ActWise HSA bank account on your
behalf.
• You can use your HSA to pay for current health care expenses—or save it to pay for future health care
expenses, such as when you retire or leave SSC.

2022 IRS LIMITS Health Care Consumer Choices
SINGLE $ 3,650 • HSA Contributions—You can change your contribution at
Employer Contribution $ - 600 any time during the year by submitting a qualifying life event
Max Employee Contribution $3,050 * change in HRIS.
• Network Providers—Choose providers with lower costs and
FAMILY $ 7,300 better health results at Anthem.com.
Employer Contribution $ - 1,200 • Save or Spend—Use your HSA to pay for eligible expenses
Max Employee Contribution $ 6,100 * today or pay out-of-pocket and save your HSA for future
expenses.

*Increased by $1,000 if you are 55 Log into Anthem.com and navigate to your ActWise HSA to use
or older. the contribution planning calculator.

2022 Health and Benefits Guide 13