Page 17 - Community Health Systems Guide 2020 v2 (CHSI Review)

SAVINGS Health Savings Accounts (HSA)

The opportunity to establish and contribute to a
Health Savings Account is available when you elect
the Anthem HSA medical plan option. It’s like a Examples of
personal, tax-free savings account for health care Eligible HSA Expenses
expenses that earns interest. Any unused money rolls
over from year to year.
• Providers (Doctors, Nurses)
You may elect to make contributions into your • Prescription Drugs
account up to IRS maximums. IRS maximums for 2020 • Inpatient Hospital Services
are: • Laboratory & X-Ray
• Employee: $3,550 MEDICAL • Emergency Services
• Family: $7,100 • Acupuncture / Chiropractic
• Catch-up (Age 55+): $1,000

The portion of your paycheck that you contribute to
your HSA will be taken out before you pay federal • Providers (Dentists,
income taxes, Social Security taxes and most state Orthodontists)
taxes (excluding state taxes in AL, CA and NJ). Any • Teeth Cleaning
contributions you make can be increased or DENTAL • Dental Treatment
decreased over the course of the year. • Orthodontia

The money in your HSA is yours to save and spend on
eligible health care expenses whenever you need it,
whether in this plan year or in future plan years. Your • Providers (Optometrists,
account balance earns interest and the unused Ophthalmologists)
balance rolls-over from year to year. The money is • Exams
yours to keep even if you leave CHSI, no longer VISION • Glasses
participate in a high deductible health plan (like the • Contact Lenses
Anthem HSA plan) or retire. • Lasik Surgery

• COBRA
• Long-Term Care
PREMIUMS • Medicare
Educational Video
High Deductible Health Plans and HSAs
http://video.burnhambenefits.com/hdhp/
Examples of
Ineligible HSA Expenses

Important Note for HSA Medical Participants: If Ineligible HSA expenses include expenses that are
you enroll in the HSA Medical Plan and contribute to not medical or health-related as well as cosmetic
surgery.
your HSA account, you may only participate in the
Health Care FSA to cover out-of-pocket Dental and
Vision expenses through the Limited Purpose Plan.

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