Page 11 - 2022 Clarins Benefit Guide

YOUR BENEFITS GUIDE 2022
Health Savings Account

A Health Savings Account (HSA) is a pre-tax benefit account that works like a combination of
an FSA and a 401(k). If you are eligible for the HSA, you may:
• Contribute on a pretax basis
• Pay for everyday healthcare expenses throughout the year
• Save for future healthcare expenses

If you elect the HSA medical plan in 2022, Clarins will also make quarterly contributions to
your account (totaling up to $500 for single coverage and $1,000 for family coverage over the
course of the year).

Health Savings Account (HSA) Funding
Applicable to Health Savings Account Plan Members
Individual Family
Clarins Funding Amount $500 $1,000

2022 IRS Contribution Limits $3,650 $7,300
(Clarins + employee)
2022 IRS Contribution Limits for Age
55 or older $4,650 $8,300
(including "catch up contribution“)

HSA Eligibility Requirements:
Your HSA Belongs
to You: To be eligible to open and contribute into an HSA:
• You must be enrolled in an IRS-qualified high-deductible
Unlike the FSA, if you medical plan (such as Clarins’ Health Savings Account
leave Clarins or change medical plan)
health plans, your HSA • You cannot have any other health coverage which is not also a
dollars go with you. qualified high-deductible plan
Plus, any unspent • You cannot be claimed as a dependent on another person’s tax
dollars in the account at return
the end of the plan year • Must not be enrolled in Medicare (A, B or D), TRICARE, or a Full
will roll over and stay in Purpose FSA (including a spouse’s Full Purpose FSA)
your account, so you
can use them on future
qualifying expenses at
any time! Important Note: If you contribute to a health care FSA, you are
not eligible to contribute to an HSA.

To learn more If you would like to start contributing to an HSA, you must close
about qualifying out your health care FSA first. Your FSA must have a balance of
health expenses, $0 in order to contribute to an HSA.
view IRS
Publication 502
on the IRS
website.

10 Clarins USA, Inc.