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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. The account even includes a contribution from Luminex that can be a big help
throughout the year.

START HERE Pay Expenses
You can use your HSA to pay for eligible expenses on a
tax-free basis.**
For example:
Company Contribution
• Copays • Prescriptions
Luminex will contribute $500/year for
individuals and $1,000 for families • Deductibles • Dental & Vision
enrolled in either the $2,000/$4,000 Expenses
Deductible or the $3,500/$7,000 A full list is available at www.irs.gov.
Deductible HSA plans.

YOUR HSA

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

HOW MUCH CAN YOU 2018 IRS CONTRIBUTION LUMINEX’S CONTRIBUTION YOUR MAXIMUM
CONTRIBUTE? LIMIT CONTRIBUTION AMOUNT
$500 for the $2,000/$4,000 Deductible
Employee Only Coverage $3,450* and the $3,500/$7,000 Deductible HSA $2,950
eligible plans
$1,000 for the $2,000/$4,000 Deductible
Family Coverage $6,900* and the $3,500/$7,000 Deductible HSA $5,900
eligible plans
* If an individual reaches age 55 by the end of the calendar year, he or she can contribute an additional $1,000.

*HSA catch-up contributions (age 55 or older) = $1,000.

LET’S BREAK IT DOWN.

• You and Luminex can add 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.

**Any reference to taxes is at the federal level. State tax rules may vary.

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