Page 15 - 2021 Willett Engineering Benefits Guide
P. 15
Quick Contact Details:
Your Health Phone: 866-346-5800
Website: healthequity.com
Health Savings Login to your HealthEquity account
at my.healthequity.com/ClientLogin
Account Download HealthEquity Mobile
in the App Store or Google Play
A Health Savings Account (HSA) works in What expenses are eligible?
combination with a high deductible health plan, An eligible medical expense is an expense
allowing you to contribute funds on a pre-tax that pays for healthcare services, equipment
or tax-deductible basis, which you may use or medications as described in IRS Publication
to pay for eligible medical expenses. HSAs 502.* In general, your HSA can be used for:
are also an important financial benefit. Learn
more about the advantages on page 25.
Expenses applied to your
health plan deductible
Am I eligible for a Health Savings
Account?
Dental care services
The main requirement for opening an HSA
is having a high-deductible health plan. To
be eligible and qualify for an HSA, you must Vision care services
also meet the following requirements:
Prescription drugs and medicines
• You are not covered by another health plan.
• You are not enrolled in Medicare.
• You do not receive health Certain medical expenses
benefits under TRICARE.
• You have not received Veterans
Administration (VA) benefits *A list of Qualified Medical Expenses can be found in IRS Publication
502 at https://www.irs.gov/pub/irs-pdf/p502.pdf
within the past three months.
• You cannot be claimed as a dependent
on another person’s tax return. What are the account limits?
• You are not covered by a general purpose The maximum amount that can be contributed
healthcare flexible spending account (FSA) to an HSA for 2021 is $3,600 for individuals and
or health reimbursement account (HRA).
$7,200 for families. The “catch up contribution”
limit for individuals who will attain age 55 by
the end of the year remains at $1,000.
Return to the Table of Contents Gray Benefits 14
