Page 8 - 2021 Marcolin Benefit Guide

Health Savings Account

• Permanent, Portable and Personal tax advantaged account used to pay for qualified expenses (including dental and
vision). Funds (both employee and employer contributions) are yours to keep and not taxable.

• Funds can be used for current year expenses or saved for future expenses for you and your qualified dependents.

• In addition to the money Marcolin provides, employees can contribute to their HSA via pre-tax payroll deductions.
HSAs allow you to save and “roll over” money if you do not spend it during the calendar year.

• Only employees participating in the HSA plan are eligible to contribute into a Health Savings Account.

2021 HSA Contribution Limits Marcolin will provide the following amounts
(Limits include any amount provided by Marcolin) for employees who select the HSA plan:

• $3,600 – Employee • $500 – Single Coverage Only
• $7,200 – Employee + Dependent(s) • $1,000 – If Enrolling with Dependent
• Age 55 and Older: Additional $1,000 Coverage
“catch up” contribution allowed

HSA vs PPO – A Comparison

Although both the HSA and PPO plans cover the same types of services, they differ in how much you will pay via payroll
contributions, co-payments, coinsurance, deductibles, etc.

HIGH-DEDUCTIBLE HEALTH PLAN (HDHP) with an HSA

▪ In a high-deductible health plan you pay “up front” costs for all services (office visits, medical services
and prescriptions) until you meet your annual deductible. Once you meet the deductible, coverage is
shared Cigna via a co-insurance arrangement until an out-of-pocket maximum is met, at which time the
plan pays 100%. You can use your HSA funds to pay for Medical, Dental and Vision expenses.

PREFERRED PROVIDER ORGANIZATION (PPO)

▪ The PPO allows you to choose in-network or out-of-network providers, although the highest
reimbursements are paid when you use an in-network provider. This plan includes an up-front
deductible, which applies to some services. However, some items such as office visits, prescription
copays, urgent care and emergency rooms are not subject to the deductible. You cannot have an HSA
with a PPO plan.

REMINDER, ALL IN-NETWORK PREVENTIVE SERVICES ARE COVERED AT 100% ON ALL MEDICAL PLANS!

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