Page 2 - 2017 FutureSteps
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’s premiums are less expensive in your paycheck.
Why not put those premium dollars saved toward your HSA and kick-start
your tax-free savings?
W&T Offshore is contributing $1,500 into your HSA in 2017, which
$375 will be deposited into your automatically lowers your deductible responsibility. The money will belong
HSA at the start of each quarter to you, even if you leave or retire from W&T Offshore; you can use it right
(January, April, July, and October) away or save it for the future.
for a total of $1,500 into your HSA
by the end of the year. 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.
Did You Know?
Employees can contribute pre-tax
savings from their paycheck directly
into their HSA each pay period.
What a convenient way to save!
Contribute up to the IRS maximum
each year and pay for healthcare
tax-free.
2017 Contribution Limits
Individuals—$1,900 from you
and $1,500 from W&T Offshore
Families—$5,250 from you
and $1,500 from W&T Offshore
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’s premiums are less expensive in your paycheck.
Why not put those premium dollars saved toward your HSA and kick-start
your tax-free savings?
W&T Offshore is contributing $1,500 into your HSA in 2017, which
$375 will be deposited into your automatically lowers your deductible responsibility. The money will belong
HSA at the start of each quarter to you, even if you leave or retire from W&T Offshore; you can use it right
(January, April, July, and October) away or save it for the future.
for a total of $1,500 into your HSA
by the end of the year. 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.
Did You Know?
Employees can contribute pre-tax
savings from their paycheck directly
into their HSA each pay period.
What a convenient way to save!
Contribute up to the IRS maximum
each year and pay for healthcare
tax-free.
2017 Contribution Limits
Individuals—$1,900 from you
and $1,500 from W&T Offshore
Families—$5,250 from you
and $1,500 from W&T Offshore
