(Hourly) 2019 McKibbon Benefit Guide

HEALTH SAVINGS ACCOUNT (H.S.A.)

Employees enrolling in the HDHP H.S.A Medical Plan are eligible to open and contribute to a Health Savings Account (H.S.A). With a H.S.A you have the ability to put money side, through payroll deductions, to help pay for H.S.A eligible expenses. The H.S.A is with Optum Health Bank.

WHAT ARE THE BENEFITS OF A H.S.A?

The money you put aside is PRE-TAX

• The H.S.A is a bank account in your name. If you retire or should you leave McKibbon Hospitality you take this account with you.

• The account rolls over year to year. You will not have to forfeit any unused funds.

• You will receive a debit card upon opening a H.S.A for quick and easy utilization of the fund.

• The list of eligible expenses is vast! These expenses include things covered under the medical, dental, and vision coverage – as well as some items that aren't!

2019 IRS Annual MaximumHSA Contribution Limits

Employee Only

$3,500

Family

$7,000

Additional $1,000 annually catch-up amounts for available for employees 55 years or older

WHAT ARE ELIGIBLE EXPENSES UNDER THE H.S.A?

Examples of eligible services include, but are not limited to the following:

• • • • • • • • • •

Acupuncture

• • •

Glasses

• • • • • • •

Batteries for hearing aids

Chiropractic services

Prescription Drugs

Long-term care Nursing home

Alcohol and drug dependency treatment

Prescription sunglasses

Ambulance

• Over the Counter Drugs (when ordered by a doctor) • Laser eye surgery • Radial keratotomy • Fertility enhancements • Hearing aids • Batteries for hearing aids • Long-term care

Maternity Expenses Organ transplants Physical therapies Speech therapies

Artificial limbs Contact lenses

Contact lens solution

Copays

• Smoking-cessation programs and products • Vasectomy • Wheelchairs

Deductible expenses

Dental expenses

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