Page 15 - Tender Greens EE Guide 01-20

SAVINGS

The opportunity to establish and contribute to a Health
Savings Account is available when you elect the PPO
HDHP medical plan option. It’s like a personal, tax-free Examples of
savings account for health care expenses that earns
interest. Any unused money rolls over from year to year. Eligible HSA Expenses

In 2020, Tender Greens will make per-paycheck
contribution to HSA participants bank accounts in the • Providers (Doctors, Nurses)
amount of $19.23, totaling to $500 annually. • Prescription Drugs
•
• Inpatient Hospital Services
In addition to Tender Greens’ contribution, you may elect MEDICAL • Laboratory & X-Ray
Emergency Services
to make contributions into your account up to IRS • Acupuncture / Chiropractic
maximums. IRS maximums for 2020 are:
• Individual: $3,550
• Family: $7,100
• Catch-up (Age 55+): $1,000
• Providers (Dentists,
Orthodontists)
The portion of your paycheck that you contribute to your • Teeth Cleaning
HSA will be taken out before you pay federal income DENTAL • Dental Treatment
taxes, Social Security taxes and most state taxes • Orthodontia
(excluding state taxes in CA and NJ). Any contributions
you make can be increased or decreased over the
course of the year.
• Providers (Optometrists,
The money in your HSA is yours to save and spend on Ophthalmologists)
eligible health care expenses whenever you need it, • Exams
whether in this plan year or in future plan years. Your VISION • Glasses
account balance earns interest and the unused balance • Contact Lenses
rolls-over from year to year. The money is yours to keep • Lasik Surgery
even if you leave Tender Greens, no longer participate in
a High Deductible Health Plan (like the PPO HDHP), or
retire.
• COBRA
• Long-Term Care
PREMIUMS • Medicare

Examples of
Educational Video Ineligible HSA Expenses
HDHP and HSAs
http://video.burnhambenefits.com/hdhp Ineligible HSA expenses include expenses that are not
medical or health-related, as well as, cosmetic surgery.

Team Member Benefits 15