Page 11 - Dragados 2022 Benefits Guide

Health Savings Accounts (HSA)
Administered by Optum Bank through UnitedHealthcare
Employees who enroll in the United Healthcare HSA plan have the option to open a tax-advantaged savings account called a Health Savings Account (HSA). Here’s how the HSA works:
HSAs Offer Triple Tax Savings
• Tax-free Deposits direct from your paycheck. Reduce your taxable income.
• Tax-free Earnings. Earnings and interest grow tax-free in your HSA account.
• Tax-Free Withdrawals. You can withdraw HSA funds for qualified medical expenses without being taxed. Tax-free.
Always Accessible, No Expiration
HSAs never expire and balances are not forfeited if they are not used by the end of the year. HSA funds can grow and roll over from year to year. Your balance is yours to keep — even if you leave the company, change medical plans or retire.
Coverage Level
Dragados Funds Your HSA
If you enroll in the UnitedHealthcare HSA plan, Dragados will make pro-rated contributions to your account based on your enrollment date:
$600 $1,200
You also have an opportunity to put your own money away tax free. The IRS restricts how much you can contribute annually to your account. For 2022, the limits are:
$3,650 $7,300
$1,000
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Use HSA money to pay for qualified medical, dental, and vision care for yourself, spouse or dependent child.
Make payments via your HSA Bank debit card or submit for reimbursement.
Access account info online
at myuhc.com or via the UnitedHealthcare mobile app.
2022 Annual Dragados Contribution
Photography: SLR Stretch & Flex
Using Your HSA
Employee Only
Employee + One or More Dependents
Coverage Tier and Catchup Contributions
2022 IRS Annual Contribution Maximum*
Employee Only
Employee + One or More Dependents
*Annual Contribution Maximum includes Dragados contribution into your account
Additional Catch-Up Contributions (for employees age 55 or over)
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