HEALTH SAVINGS ACCOUNT
Employees enrolling in the Base Medical Plan are eligible to open and contribute to a Health Savings Account (H.S.A). With an H.S.A you have the ability to put money side, through payroll deductions, to help pay for H.S.A eligible expenses.
IRS Annual Maximum HSA Contribution Limits
2019
Employee Only
$3,500
Family
$7,000
Additional $1,000 annually catch-up amounts for available for employees 55 years or older
WHAT ARE THE BENEFITS OF A HSA?
• 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 Fast Track Urgent Care 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 an H.S.A for quick and easy utilization of the funds. • 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! Below is a brief list of eligible expenses.
• Acupuncture and Chiropractic services • Alcohol and drug dependency treatment • Ambulance • Artificial limbs • Contact lenses and solution • Dental expenses • Prescription Drugs and Over the Counter Drugs (when ordered by a doctor) • Eye surgery (laser eye surgery or radial keratotomy)
• Fertility enhancements • Hearing aids and batteries for use • Long-term care and Nursing home
• Maternity Expenses • Organ transplants • Physical and speech therapies • Smoking-cessation programs and products
• Vasectomy • Wheelchairs
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