Page 12 - 2019 Intertek
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2019 BENEFITS ENROLLMENT
HEALTH SAVINGS ACCOUNT
You Need to Know
You must enroll in the CDHP
coverage option under the What is a Health Savings Account?
Intertek health plan to be eligible An HSA is a tax-favored account you can use to pay for eligible current
to open a HSA and future healthcare expenses with tax-free dollars. You must enroll
If you enroll in the CDHP, you will in the Consumer Driven Health Plan (CDHP) to be eligible to open a
receive a welcome kit outlining HSA. There is no use it lose it rule. Any unused money will remain in
how to manage, contribute to, your HSA for future use.
and use your HSA
Intertek does not own the account. You own the account. If you leave
Download the WageWorks mobile
app from your smartphone’s app the company, you keep the funds.
store to manage your account
online Funds may be withdrawn at any time to pay for qualiied medical
expenses tax-free for most medical, dental, and vision care.
HSA expenses can be incurred by you, your spouse, and dependents
claimed on your personal tax return even if the dependents are not
enrolled in the CDHP plan. For a complete list of eligible expenses,
please refer to the HSA page on wageworks.com or IRS Publication
502 at irs.gov.
Funding Your Account
You may contribute up to the amounts listed in the chart below.
Contribution
Coverage Tier IRS Annual Limit *
Employee $3,500
Employee + 1 or family $7,000
* Individuals age 55 and older or individuals who reach age 55 by December 31, 2019
can make a catch-up contribution of up to $1,000.
Employee contributions are divided by the 26 pay periods.
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HEALTH SAVINGS ACCOUNT
You Need to Know
You must enroll in the CDHP
coverage option under the What is a Health Savings Account?
Intertek health plan to be eligible An HSA is a tax-favored account you can use to pay for eligible current
to open a HSA and future healthcare expenses with tax-free dollars. You must enroll
If you enroll in the CDHP, you will in the Consumer Driven Health Plan (CDHP) to be eligible to open a
receive a welcome kit outlining HSA. There is no use it lose it rule. Any unused money will remain in
how to manage, contribute to, your HSA for future use.
and use your HSA
Intertek does not own the account. You own the account. If you leave
Download the WageWorks mobile
app from your smartphone’s app the company, you keep the funds.
store to manage your account
online Funds may be withdrawn at any time to pay for qualiied medical
expenses tax-free for most medical, dental, and vision care.
HSA expenses can be incurred by you, your spouse, and dependents
claimed on your personal tax return even if the dependents are not
enrolled in the CDHP plan. For a complete list of eligible expenses,
please refer to the HSA page on wageworks.com or IRS Publication
502 at irs.gov.
Funding Your Account
You may contribute up to the amounts listed in the chart below.
Contribution
Coverage Tier IRS Annual Limit *
Employee $3,500
Employee + 1 or family $7,000
* Individuals age 55 and older or individuals who reach age 55 by December 31, 2019
can make a catch-up contribution of up to $1,000.
Employee contributions are divided by the 26 pay periods.
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