Page 14 - 2019 CommScope
P. 14
Health Savings Account (HSA)
If you enroll in either the Health & Investment Plan A or Your HSA is your own account. The funds accumulate
B (High Deductible Health Plans or HDHPs), you will be and rollover year to year. If you terminate your
eligible for an HSA. An HSA allows you to save for your coverage or employment you are able to take those
health expenses by contributing pre-tax dollars from funds with you and use them for future eligible health
your paycheck. If you are enrolled in a CommScope expenses. Please note: if you terminate enrollment in
Health & Investment Plan A or B with an HSA in a qualiied HDHP you can no longer contribute to the
2019 through Bank of America, you can also receive HSA but you can still access your existing HSA balance.
a company contribution in your HSA in 2019. Active The company HSA contribution counts toward your
employees with employee only coverage can receive annual HSA contribution maximum.
up to $500 and active employees with employee + 2019 HSA Limits
dependent coverage can receive up to $1,000 in 2019,
depending on their completion of well-being activities In the 2019 calendar year, the IRS limits the amount
through October 31, 2018. Active eligible employees you can contribute to your HSA to the following caps:
will receive up to $500 in January, 2019 and up to $500 2019 Maximum HSA Contribution
in July 2019 if they enrolled in employee + dependent Employee Coverage $3,500
HDHP coverage in 2019. Family Coverage $7,000
Your HSA must be administered through our When deciding how much you want to contribute
partnership with Bank of America in order to be eligible to your HSA, be sure to account for what you might
to receive CommScope’s contribution or to make pre- receive in company contributions toward your annual
tax contributions on your own. You may use your HSA maximum HSA contribution. Your contribution limit
funds to cover eligible healthcare expenses, now or must include any funds received from CommScope.
in the future. If you do not have your HSA debit card The 2019 HSA catch-up contribution limit for
at the time of service you can pay your healthcare participants who will be age 55 or older in 2019
provider with check or credit card, then reimburse remains $1,000.
yourself later from your HSA account. Remember to
keep all receipts for tax purposes.
Did You Know?
Your HSA funds can be used to pay for qualiied health expenses for dependents not covered on your plan,
dental and vision expenses, and long-term care or Medicare premiums.
CommScope Benefits Bank of America
Service Center www.myhealth.bankofamerica.com
Go to the CommScope Spectrum homepage and 800.718.6710
access the U.S. employee beneits website
Download the free Bank of America mobile app
www.commscopeconnect.com from your smartphone’s app store
833.554.4110
14 ANNUAL ENROLLMENT GUIDE BENEFITS 2019
If you enroll in either the Health & Investment Plan A or Your HSA is your own account. The funds accumulate
B (High Deductible Health Plans or HDHPs), you will be and rollover year to year. If you terminate your
eligible for an HSA. An HSA allows you to save for your coverage or employment you are able to take those
health expenses by contributing pre-tax dollars from funds with you and use them for future eligible health
your paycheck. If you are enrolled in a CommScope expenses. Please note: if you terminate enrollment in
Health & Investment Plan A or B with an HSA in a qualiied HDHP you can no longer contribute to the
2019 through Bank of America, you can also receive HSA but you can still access your existing HSA balance.
a company contribution in your HSA in 2019. Active The company HSA contribution counts toward your
employees with employee only coverage can receive annual HSA contribution maximum.
up to $500 and active employees with employee + 2019 HSA Limits
dependent coverage can receive up to $1,000 in 2019,
depending on their completion of well-being activities In the 2019 calendar year, the IRS limits the amount
through October 31, 2018. Active eligible employees you can contribute to your HSA to the following caps:
will receive up to $500 in January, 2019 and up to $500 2019 Maximum HSA Contribution
in July 2019 if they enrolled in employee + dependent Employee Coverage $3,500
HDHP coverage in 2019. Family Coverage $7,000
Your HSA must be administered through our When deciding how much you want to contribute
partnership with Bank of America in order to be eligible to your HSA, be sure to account for what you might
to receive CommScope’s contribution or to make pre- receive in company contributions toward your annual
tax contributions on your own. You may use your HSA maximum HSA contribution. Your contribution limit
funds to cover eligible healthcare expenses, now or must include any funds received from CommScope.
in the future. If you do not have your HSA debit card The 2019 HSA catch-up contribution limit for
at the time of service you can pay your healthcare participants who will be age 55 or older in 2019
provider with check or credit card, then reimburse remains $1,000.
yourself later from your HSA account. Remember to
keep all receipts for tax purposes.
Did You Know?
Your HSA funds can be used to pay for qualiied health expenses for dependents not covered on your plan,
dental and vision expenses, and long-term care or Medicare premiums.
CommScope Benefits Bank of America
Service Center www.myhealth.bankofamerica.com
Go to the CommScope Spectrum homepage and 800.718.6710
access the U.S. employee beneits website
Download the free Bank of America mobile app
www.commscopeconnect.com from your smartphone’s app store
833.554.4110
14 ANNUAL ENROLLMENT GUIDE BENEFITS 2019
