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HEALTH SAVINGS ACCOUNT
NAME OF WELLNESS PROGRAM

A Health Savings Account (HSA) is a savings account that belongs to you that is paired with the Base (HDHP)
make tax-free contributions to a savings account to pay for current and future medical expenses for you and your
plan. It allows you to make tax-free contributions to a savings account to pay for current and future medical dependents.
expenses for you and your dependents.

START IT BUILD IT USE IT GROW IT
 Contributions to the HSA  All of the money in your  You can withdraw your  Unused money in your
are tax-free for you HSA is yours (including any money tax-free at any time, HSA will roll over, earn
whether they come from contributions deposited by as long as you use it for interest and grow tax-free
you or the company. the company) even if you qualified expenses (a list over time.
Castlerock contributes leave your job, change can be found on  You decide how to use the
$500 for individual plans or retire. www.irs.gov). HSA money, including
coverage and $1,000 for  In 2021, the total of your  You can also save this whether to save it or spend
family coverage. contributions and the money and hold onto it for it for eligible expenses.
 Plans with an HSA typically company’s can be up to future eligible health care When your balance is large
cost less than other plans $3,600 for individual expenses. enough, you can invest it —
so the money you save on coverage and $7,200 for tax-free.
premiums can be put into family coverage.
your HSA. You save money
on taxes and have more
flexibility and control over
your health care dollars.

Eligibility Details

 If you are age 55 or older, you can contribute an additional $1,000 per year.
 You are not allowed to be enrolled in any other health coverage, and cannot have an HSA if you are enrolled in
any other health coverage or Medicare, or claimed as a dependent on someone else’s tax return.

Company HSA Contribution
If you choose to participate in the HSA, the company will contribute $500 for individual coverage, or
$1,000 for those covering additional family members.

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