Page 20 - ABM 2021 Benefit Guide MDV
P. 20
How an HSA Works with the Consumer Driven Health Plan
How the Plan Provides Coverage You Are Eligible to Open and Fund
1. You pay 100% for all medical and an HSA If
prescription drug services up to the plan’s You are covered by an HSA-eligible CDHP
annual deductible. option
2. After you satisfy the annual deductible, you You are not covered by your spouse’s plan
pay the appropriate coinsurance or copay (unless it is also a CDHP)
until you meet the annual out-of-pocket You are not participating in an HRA
maximum. You are not participating in a Healthcare
3. The plan pays 100% of eligible expenses FSA
once you meet the annual out-of-pocket You are not eligible to be claimed as a
maximum. dependent on someone else’s tax return
How You Use Your HSA You are not enrolled in Medicare,
You determine how and when to use your TRICARE, or TRICARE for Life
HSA dollars. You can use your funds to pay for You have not received Veterans
qualiied expenses covered by the consumer Administration Beneits in the past 3
driven health plan. If you decide to use funds to months
pay for ineligible expenses, there will be a 20%
penalty, plus income tax payment. You can also
pay for health expenses out-of-pocket and let
your HSA funds grow.
Any funds remaining at the end of the year will
remain in your account for future use. If you
leave ABM, you take your HSA account with
you.
20 2021 Benefits Enrollment
How the Plan Provides Coverage You Are Eligible to Open and Fund
1. You pay 100% for all medical and an HSA If
prescription drug services up to the plan’s You are covered by an HSA-eligible CDHP
annual deductible. option
2. After you satisfy the annual deductible, you You are not covered by your spouse’s plan
pay the appropriate coinsurance or copay (unless it is also a CDHP)
until you meet the annual out-of-pocket You are not participating in an HRA
maximum. You are not participating in a Healthcare
3. The plan pays 100% of eligible expenses FSA
once you meet the annual out-of-pocket You are not eligible to be claimed as a
maximum. dependent on someone else’s tax return
How You Use Your HSA You are not enrolled in Medicare,
You determine how and when to use your TRICARE, or TRICARE for Life
HSA dollars. You can use your funds to pay for You have not received Veterans
qualiied expenses covered by the consumer Administration Beneits in the past 3
driven health plan. If you decide to use funds to months
pay for ineligible expenses, there will be a 20%
penalty, plus income tax payment. You can also
pay for health expenses out-of-pocket and let
your HSA funds grow.
Any funds remaining at the end of the year will
remain in your account for future use. If you
leave ABM, you take your HSA account with
you.
20 2021 Benefits Enrollment
