Page 7 - 2017 Benefits Enrollment
P. 7
2017 BENEFITS ENROLLMENT
You own your HSA, which means you can withdraw funds tax-free as
long as funds are available and the expenses are eligible for payment. It HSA Checklist
is also portable, so if you leave Thompson Coburn, you can continue Consider if an HSA is right for
you
to contribute to your HSA as long as you are enrolled in a qualiied high
deductible plan. Elect the HDP option during
the enrollment period
When you are able to make choices that save money, those savings stay in To be eligible, you have to
your HSA for other healthcare expenses. For example, if you use an in- be enrolled in the HDP, not
network doctor instead of an out-of-network doctor, your overall out-of- enrolled in Medicare, and
pocket cost is less. not claimed as a dependent
on another person’s
Important Note: If you choose the Thompson Coburn HDP and open insurance plan
an HSA, you are ineligible to participate in any other type of health Start contributing to your
plan including the Thompson Coburn medical FSA. You also cannot account; for 2017, you can
coordinate beneits with Medicare or other insurance, such as a spouse’s contribute up to $3,400 for
employer plan. employee only coverage
and $6,750 for all other HDP
You have the option to participate in the Thompson Coburn HDP and tiers
not open an HSA. In this case, you would be eligible to participate in If you are age 55 or older,
another health plan except the Thompson Coburn health FSA. you can make an additional
“catch-up contribution” of
up to $1,000 beyond the
annual limit
Continue to add to and
spend from your account for
qualiied medical expenses
Keep your receipts
HSA contributions can be
made pre-tax through
Optum Bank
Thompson Coburn LLP 7
You own your HSA, which means you can withdraw funds tax-free as
long as funds are available and the expenses are eligible for payment. It HSA Checklist
is also portable, so if you leave Thompson Coburn, you can continue Consider if an HSA is right for
you
to contribute to your HSA as long as you are enrolled in a qualiied high
deductible plan. Elect the HDP option during
the enrollment period
When you are able to make choices that save money, those savings stay in To be eligible, you have to
your HSA for other healthcare expenses. For example, if you use an in- be enrolled in the HDP, not
network doctor instead of an out-of-network doctor, your overall out-of- enrolled in Medicare, and
pocket cost is less. not claimed as a dependent
on another person’s
Important Note: If you choose the Thompson Coburn HDP and open insurance plan
an HSA, you are ineligible to participate in any other type of health Start contributing to your
plan including the Thompson Coburn medical FSA. You also cannot account; for 2017, you can
coordinate beneits with Medicare or other insurance, such as a spouse’s contribute up to $3,400 for
employer plan. employee only coverage
and $6,750 for all other HDP
You have the option to participate in the Thompson Coburn HDP and tiers
not open an HSA. In this case, you would be eligible to participate in If you are age 55 or older,
another health plan except the Thompson Coburn health FSA. you can make an additional
“catch-up contribution” of
up to $1,000 beyond the
annual limit
Continue to add to and
spend from your account for
qualiied medical expenses
Keep your receipts
HSA contributions can be
made pre-tax through
Optum Bank
Thompson Coburn LLP 7
