Health Savings Account (HSA) Optum Bank
Contributions may be made from other sources within the annual limits as defined by the IRS (such as bank account transfers). Employer contribution amounts deposited monthly into your eligible HSA account ($62.50 for individual and $125.00 for family). Note: The employer HSA contribution is taxable for NJ State income tax. Annual HSA Contribution Limits for 2024 Individual: $4,150 Family: $8,300 Catch-up: $1,000 (Applicable to employees age 55 or older) Lupin Contributions count towards the limit: Individual: $750 Family: $1,500
An HSA is a tax-advantaged account that you can use to pay for qualified health care expenses, using pre-tax dollars.
Available only to those enrolled in the UHC HSA Plans.
Eligible expenses include medical copays, deductibles, prescriptions, dental expenses, vision exams, eyewear and many more.
Funds roll over from year to year – no “use it or lose it” provision.
Participants cannot be enrolled in Medicare, Medicaid or claimed as someone else’s tax dependent.
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