Page 13 - 2018-19 MYNEXUS Benefits Guide
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myNEXUS
If you elect to contribute
to an HSA, myNEXUS will
How to Spend Your HSA automatically open your HSA
Below is a list of eligible expenses you can pay for using your HSA savings. with Optum Bank. You can
expect to receive a welcome
Make sure to keep all receipts and billing statements regarding the way you kit in the mail including a debit
utilize your HSA savings. card which can be used to
pay for eligible expenses. The
Medical deductibles, Rx copayments, and coinsurance payments welcome kit will also include
Medical, dental, and vision care services details on the online site and
Medical, dental, and vision care services for your spouse and/or tax tools available to help you
manager your HSA.
dependents
Medicare Part B and D and COBRA coverage Optum Bank will reach out
to you directly if they need
Over-the-counter medications with a written prescription additional information from you
in order to open your account.
Below is a list of some examples of how not to use your HSA dollars. Members
may face a tax and penalty for all expenses which spend HSA dollars The monthly HSA administrative
cost will be paid by myNEXUS
inappropriately. as long as you are enrolled in
Insurance premiums the myNEXUS medical plan.
Babysitting/childcare
Cosmetic surgery
Health club costs
As the HSA owner, you are responsible for determining whether a
healthcare expense is eligible for reimbursement from your HSA.
Refer to IRS Publication 502 for a complete list of eligible expenses at
www.irs.gov/pub/irs-pdf/p502.pdf.
Will myNEXUS Contribute to My HSA?
If you elect the Base medical plan, myNEXUS will provide a dollar-for-dollar
match up to $23.07 per bi-weekly pay period or $600 per plan year. If you
decide to contribute to an HSA after your initial election, you remain eligible
for the myNEXUS matching contribution. You can make or change your HSA
election by logging into the ADP site.
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If you elect to contribute
to an HSA, myNEXUS will
How to Spend Your HSA automatically open your HSA
Below is a list of eligible expenses you can pay for using your HSA savings. with Optum Bank. You can
expect to receive a welcome
Make sure to keep all receipts and billing statements regarding the way you kit in the mail including a debit
utilize your HSA savings. card which can be used to
pay for eligible expenses. The
Medical deductibles, Rx copayments, and coinsurance payments welcome kit will also include
Medical, dental, and vision care services details on the online site and
Medical, dental, and vision care services for your spouse and/or tax tools available to help you
manager your HSA.
dependents
Medicare Part B and D and COBRA coverage Optum Bank will reach out
to you directly if they need
Over-the-counter medications with a written prescription additional information from you
in order to open your account.
Below is a list of some examples of how not to use your HSA dollars. Members
may face a tax and penalty for all expenses which spend HSA dollars The monthly HSA administrative
cost will be paid by myNEXUS
inappropriately. as long as you are enrolled in
Insurance premiums the myNEXUS medical plan.
Babysitting/childcare
Cosmetic surgery
Health club costs
As the HSA owner, you are responsible for determining whether a
healthcare expense is eligible for reimbursement from your HSA.
Refer to IRS Publication 502 for a complete list of eligible expenses at
www.irs.gov/pub/irs-pdf/p502.pdf.
Will myNEXUS Contribute to My HSA?
If you elect the Base medical plan, myNEXUS will provide a dollar-for-dollar
match up to $23.07 per bi-weekly pay period or $600 per plan year. If you
decide to contribute to an HSA after your initial election, you remain eligible
for the myNEXUS matching contribution. You can make or change your HSA
election by logging into the ADP site.
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