HEALTH SAVINGS ACCOUNT
If you enroll in the UHC HDHP 1500 Plan, you may be eligible to open and fund a health savings account (HSA) through Optum Bank.
An HSA is a savings account that you can use to pay out-of-pocket health care expenses with pre-tax dollars.
MICROAGE CONTRIBUTION
If you enroll in the UHC HDHP 1500 Plan, MicroAge will help you save by contributing to your account.
- Associate-only: $125 per quarter/$500 per year
- All other coverage levels: $250 per quarter/$1,000 per year
2022–2023 IRS HSA CONTRIBUTION MAXIMUMS
Contributions to an HSA cannot exceed the IRS allowed annual maximums (including employer contribution).
- Individuals: $3,650 (2022); $3,850 (2023)
- All other coverage levels: $7,300 (2022); $7,750 (2023)
If you are age 55+ by December 31, 2023, you may contribute an additional $1,000.
HSA ELIGIBILITY
You are eligible to fund an HSA if:
- You are enrolled in the UHC HDHP 1500 Plan. You are NOT eligible to fund an HSA if:
- You are covered by a non-HSA eligible medical plan, a PPO plan, health care FSA, or health reimbursement arrangement.
- You are eligible to be claimed as a dependent on someone else’s tax return.
- You are enrolled in Medicare, TRICARE, or TRICARE for Life.
Refer to IRS Publication 969 for additional eligibility details. If you are over age 65, please contact Human Resources.