Page 5 - Luminex 2021 BLUE Triangles 12pg Guide w_Notices V5 - 1-12-2021

HEALTH SAVINGS

ACCOUNT

If you enroll in either the $2,000/$4,000 Deductible Plan or the $3,500/$7,000 Deductible Plan, you’ll have access to a Health
Savings Account (HSA) offered through Optum Bank. You can think of your HSA as a personal savings account for your health
care expenses, with some impressive tax advantages. You’ll have the opportunity to earn HSA funding if you participate in
UnitedHealthcare’s Incentive Wellness Motion Program.
START HERE

Pay Expenses
You can use your HSA to pay for eligible expenses
on a tax-free basis.**

Company Contribution For example:
In 2021, employees and their spouses • Copays • Dental & Vision
can earn up to $1,150 (employee only) or Expenses
$2,300 (employee + spouse) in HSA funding • Deductibles
through the UnitedHealthcare Motion • Prescriptions
Incentive Wellness Program if enrolled in
either the $2,000/$4,000 Deductible or the A full list is available at www.irs.gov.
$3,500/$7,000 Deductible HSA plans.

Your HSA

Saving for the Future
Your Tax-Free Contribution
You can also save your funds for the
You can contribute funds from your future, and allow them to earn interest.
paycheck before taxes are taken out
up to the yearly IRS limits.

HOW MUCH CAN YOU 2021 INCENTIVE WELLNESS PROGRAM YOUR MAXIMUM
CONTRIBUTE? IRS CONTRIBUTION LIMIT CONTRIBUTION AMOUNT
Up to $1,150 for the $2,000/$4,000
Employee Only Coverage $3,600* Deductible and the $3,500/$7,000 $2,450**
Deductible HSA eligible plans
Up to $2,300 for the $2,000/$4,000
Family Coverage $7,200* Deductible and the $3,500/$7,000 $4,900**
Deductible HSA eligible plans

*If an individual reaches age 55 by the end of the calendar year, he or she can contribute an additional $1,000.
**In 2021, Luminex employees have the opportunity to earn up to $1,150 for individuals/$2,300 for employees and their spouses into their HSA for healthy behaviors and
participating in the UnitedHealthcare Motion Incentive Wellness Program.

LET’S BREAK IT DOWN

• You can contribute and earn funds into the HSA that are not subject to federal income taxes** up to
the IRS limits.
• The HSA allows you to pay for qualified medical expenses with these tax-free funds.
• The account can earn interest on a tax-free basis, and you are allowed to roll funds over year after
year.
• If you leave Luminex, or retire, you can take your HSA with you.
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**Any reference to taxes is at the federal level. State tax rules may vary.