Page 10 - 2015-2016 Enrollment Guide
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Health Savings Account (HSA)
If you elect the Consumer The IRS regulates how much you are allowed to put into your HSA
HSA Choice Plus plan, you may annually. The 2015–2016 contribution limits are as follows.
establish an HSA. There are many 2015 2016
advantages to owning an HSA. Individual $3,350 $3,350
You determine how and when to Family $6,650 $6,750
use your HSA dollars. Whatever
annual amount you elect will be If you are age 55 or older you are eligible for an additional catch-up
divided by the number of pay contribution of $1,000 annually
periods in the year, and will be
deducted from your pay stub and You have the ability to start, stop, or change your per-pay-period HSA
deposited into your HSA. contribution at any time by logging into the ADP/WFN portal and
requesting a change. The change will be effective the pay period following
If you elect to contribute to an the request.
HSA, your HSA deductions will
be withheld from your irst pay Advantages of Owning an HSA
check in July and forwarded to Flexibility
Optum Bank. Optum Bank will
1
open your HSA account and send You can use the funds in your account to pay for current medical
a welcome kit with your Optum expenses, including expenses which your insurance may not cover, or save
Bank HSA debit card. Optum the money in your account for future needs, such as the following.
Bank will also contact you if any Health insurance or medical expenses if unemployed
questions arise while opening your
account. You must respond to any Medical expenses after retirement
requests to open your account. If Out-of-pocket expense not covered by an insurance carrier
your account has not cleared all Long-term care expenses and insurance
Patriot Act clearances, your funds Savings
will be held at Optum Bank for
60 days. If your account has not You can save the money in your account for future medical expenses and
been opened after 60 days, your grow your account through investment earnings.
contributions will be returned to 1 You may not use HSA funds to pay for eligible expenses incurred prior to the date you
Optimas who will add to your pay open your HSA account.
and tax.
Optimas OE Solutions Holdings, LLC
Health Savings Account (HSA)
If you elect the Consumer The IRS regulates how much you are allowed to put into your HSA
HSA Choice Plus plan, you may annually. The 2015–2016 contribution limits are as follows.
establish an HSA. There are many 2015 2016
advantages to owning an HSA. Individual $3,350 $3,350
You determine how and when to Family $6,650 $6,750
use your HSA dollars. Whatever
annual amount you elect will be If you are age 55 or older you are eligible for an additional catch-up
divided by the number of pay contribution of $1,000 annually
periods in the year, and will be
deducted from your pay stub and You have the ability to start, stop, or change your per-pay-period HSA
deposited into your HSA. contribution at any time by logging into the ADP/WFN portal and
requesting a change. The change will be effective the pay period following
If you elect to contribute to an the request.
HSA, your HSA deductions will
be withheld from your irst pay Advantages of Owning an HSA
check in July and forwarded to Flexibility
Optum Bank. Optum Bank will
1
open your HSA account and send You can use the funds in your account to pay for current medical
a welcome kit with your Optum expenses, including expenses which your insurance may not cover, or save
Bank HSA debit card. Optum the money in your account for future needs, such as the following.
Bank will also contact you if any Health insurance or medical expenses if unemployed
questions arise while opening your
account. You must respond to any Medical expenses after retirement
requests to open your account. If Out-of-pocket expense not covered by an insurance carrier
your account has not cleared all Long-term care expenses and insurance
Patriot Act clearances, your funds Savings
will be held at Optum Bank for
60 days. If your account has not You can save the money in your account for future medical expenses and
been opened after 60 days, your grow your account through investment earnings.
contributions will be returned to 1 You may not use HSA funds to pay for eligible expenses incurred prior to the date you
Optimas who will add to your pay open your HSA account.
and tax.
Optimas OE Solutions Holdings, LLC
