Page 2 - 2017 Benefits Enrollment
P. 2
More to Explore
Even if you don't cover your family members on our Future Steps plan, you
can use your HSA to pay for their eligible expenses.
The Future Steps plan is signiicantly less expensive in employee per
paycheck premium cost; if you put your premium savings into your HSA,
the average individual on our plan will have $XXX in extra savings and the
average family will have $X,XXXX
W&T Offshore is contributing $1,500 into your HSA in 2017, which
automatically lowers your deductible responsibility; the money will belong
to you, even if you leave or retire from W&T Offshore; you can use it right
away or save it for the future
Tax Saving Opportunities
Our Future Steps plan offers you and your family unique tax saving opportunities
only available in a health savings account (HSA).
There are 3 Ways to Maximize Your Tax Savings
1. Contributions to an HSA are tax-free, made through payroll deduction on a
pre-tax basis
2. The money in this account (including interest and investment earnings)
grows tax-free
3. As long as the funds are used to pay for qualiied medical expenses, they
are spent tax-free
Even if you don't cover your family members on our Future Steps plan, you
can use your HSA to pay for their eligible expenses.
The Future Steps plan is signiicantly less expensive in employee per
paycheck premium cost; if you put your premium savings into your HSA,
the average individual on our plan will have $XXX in extra savings and the
average family will have $X,XXXX
W&T Offshore is contributing $1,500 into your HSA in 2017, which
automatically lowers your deductible responsibility; the money will belong
to you, even if you leave or retire from W&T Offshore; you can use it right
away or save it for the future
Tax Saving Opportunities
Our Future Steps plan offers you and your family unique tax saving opportunities
only available in a health savings account (HSA).
There are 3 Ways to Maximize Your Tax Savings
1. Contributions to an HSA are tax-free, made through payroll deduction on a
pre-tax basis
2. The money in this account (including interest and investment earnings)
grows tax-free
3. As long as the funds are used to pay for qualiied medical expenses, they
are spent tax-free
