Page 7 - 2016 Enrollment
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HSA Checklist
You own your HSA, which means you can withdraw funds tax-free as Consider if an HSA is right for you
long as funds are available and the expenses are eligible for payment. It
is also portable, so if you leave Thompson Coburn, you can continue Elect the HDP option during the
enrollment period
to contribute to your HSA as long as you are enrolled in a qualiied high
deductible plan. To be eligible, you have to be:
enrolled in the HDP, not enrolled
When you are able to make choices that save money, those savings stay in in Medicare and not claimed as a
your HSA for other healthcare expenses. For example, if you use an in- dependent on another person’s
network doctor instead of an out-of-network doctor, your overall out-of- insurance plan
pocket cost is less. Start contributing to your account;
for 2016, you can contribute
Important Note: If you choose the Thompson Coburn HDP and open up to $3,350 for employee only
an HSA, you are ineligible to participate in any other type of health coverage and $6,750 for all other
plan including the Thompson Coburn medical FSA. You also cannot HDP tiers
coordinate beneits with Medicare or other insurance, such as a spouse’s If you are age 55 or older, you
employer plan. can make an additional “catch-
up contribution” of up to $1,000
You have the option to participate in the Thompson Coburn HDP and beyond the annual limit
not open an HSA. In this case, you would be eligible to participate in Continue to add to and spend
another health plan except the Thompson Coburn health FSA. from your account for qualiied
medical expenses
Keep your receipts
HSA contributions can be made
pre-tax through Optum Bank
2016 Benefits Guide
HSA Checklist
You own your HSA, which means you can withdraw funds tax-free as Consider if an HSA is right for you
long as funds are available and the expenses are eligible for payment. It
is also portable, so if you leave Thompson Coburn, you can continue Elect the HDP option during the
enrollment period
to contribute to your HSA as long as you are enrolled in a qualiied high
deductible plan. To be eligible, you have to be:
enrolled in the HDP, not enrolled
When you are able to make choices that save money, those savings stay in in Medicare and not claimed as a
your HSA for other healthcare expenses. For example, if you use an in- dependent on another person’s
network doctor instead of an out-of-network doctor, your overall out-of- insurance plan
pocket cost is less. Start contributing to your account;
for 2016, you can contribute
Important Note: If you choose the Thompson Coburn HDP and open up to $3,350 for employee only
an HSA, you are ineligible to participate in any other type of health coverage and $6,750 for all other
plan including the Thompson Coburn medical FSA. You also cannot HDP tiers
coordinate beneits with Medicare or other insurance, such as a spouse’s If you are age 55 or older, you
employer plan. can make an additional “catch-
up contribution” of up to $1,000
You have the option to participate in the Thompson Coburn HDP and beyond the annual limit
not open an HSA. In this case, you would be eligible to participate in Continue to add to and spend
another health plan except the Thompson Coburn health FSA. from your account for qualiied
medical expenses
Keep your receipts
HSA contributions can be made
pre-tax through Optum Bank
2016 Benefits Guide
