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HEALTH SAVINGS ACCOUNT
NAME OF WELLNESS PROGRAM

A Health Savings Account (HSA) is a savings account that belongs to you that is paired with the Base
make tax-free contributions to a savings account to pay for current and future medical expenses for you and your
(HDHP) plan. It allows you to make tax-free contributions to a savings account to pay for current and dependents.
future medical expenses for you and your dependents.

START IT BUILD IT USE IT GROW IT
 Contributions to the HSA  All of the money in your  You can withdraw your  Unused money in your
are tax-free for you HSA is yours (including money tax-free at any HSA will roll over, earn
whether they come from any contributions time, as long as you use it interest and grow tax-free
you or the company. The deposited by the for qualified expenses (a over time.
company contributes company) even if you list can be found on  You decide how to use the
$500 for individual leave your job, change www.irs.gov). HSA money, including
coverage and $1,000 for plans or retire.  You can also save this whether to save it or
family coverage.  In 2022, the total of your money and hold onto it spend it for eligible
 Plans with an HSA contributions and the for future eligible health expenses. When your
typically cost less than company’s can be up to care expenses. balance is large enough,
other plans so the money $3,650 for individual you can invest it —
you save on premiums can coverage and $7,300 for tax-free.
be put into your HSA. You family coverage.
save money on taxes and
have more flexibility and
control over your health
care dollars.

Eligibility Details

 If you are age 55 or older, you can contribute an additional $1,000 per year.
 You are not allowed to be enrolled in any other health coverage, and cannot have an HSA if you are enrolled in
any other health coverage or Medicare, or claimed as a dependent on someone else’s tax return.

Company HSA Contribution
If you choose to participate in the HSA, the company will contribute $500 for individual coverage, or
$1,000 for those covering additional family members.

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