Health Savings Accounts

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Welcome to Emerging Markets 2025 Enrollment
(AF Group, Emergient, Senior Health Services and Corporate Functions)

Basics

With the High Deductible Health Plan (HDHP) plan, you have access to a tax-advantaged Health Savings Account (HSA) that empowers you to take charge of your health, your money and your future.

  • You will be responsible for payment of medical and prescription drug expenses associated with the HDHP until your deductible is met.
  • HSA contributions help you save for future medical expenses.
  • An HSA in conjunction with an HDHP is a way to secure more affordable health coverage for you and your family while you save on taxes.

Eligibility
To be eligible to make tax-deductible contributions to an HSA, you must be enrolled in an HDHP which has been set up to meet the federal regulations for this type of savings account. In addition, there are some other eligibility rules to consider:

  • You cannot be covered by other health insurance, e.g., spouse’s coverage (does not apply to specific injury/accident, disability, dental care, vision care and long-term care).
  • You cannot be enrolled in Medicare or be a dependent on another person’s tax return.
  • You cannot have received VA medical benefits at any time over the past three months.
  • You cannot be enrolled in or covered by a Health Care FSA.

Employee Contribution
You can make contributions to your HSA each year that you are eligible. Contributions to your HSA for 2025 are limited to the IRS maximums of $4,300 for self-only coverage or $8,550 for family coverage. These are combined (employer/employee) maximums. Make sure you deduct the employer contribution from the IRS maximum before determining your contribution to ensure that the combined contributions do not exceed the IRS limit.

Employer Contribution
The Company’s commitment toward a medical plan design that helps us all become better health care consumers and take initiative toward a healthier lifestyle is reflected in the credits provided to employees.

How it Works
After you select the HDHP as your medical coverage, you will be asked to determine your annual HSA contribution, not to exceed the combined IRS maximums noted above.

  • Each pay period your payroll contribution will be deposited in your HSA account as pre-tax dollars.
  • You may elect to use your HSA dollars for qualified medical expenses (see IRS publication 502, or IRS publication 969.)
  • An HSA debit card will be provided for your convenience.
  • You must save your receipts for all expenses paid out of your HSA in case of an IRS audit. Only your year-to-date HSA account balance is available to cover your out of pocket expenses not covered by the HDHP. Money not used during the benefit year rolls over to the next year and can earn interest tax-free.
  • If you have a balance over $2,000, it can be invested in long-term investments available through the HSA administrator. Any investment earnings you accrue are tax-free as well as interest earnings for those who elect not to invest the HSA funds and keep the money in the interest-bearing savings account.

Want to learn more?
Take a look at these short videos highlighting the benefits of HSAs:



Add new Horsepower to your financial plan: Summarizes how an HSA helps save additional pre-tax dollars. Goes over similarities and differences between a HSA and a 401(K) or IRA.

Winning with an HSA: Brief overview of HSA plans and the positive benefits associated with them.


Saving the day with an HSA: Overview of HSA plans including high deductible health plans overview, HSA qualifications, tax free savings and retirement benefits.


Save Now Cash Later: Explains that you can pay for qualified medical expenses out of pocket and wait to submit for reimbursement until you meet a specific personal financial goal. You can then use your reimbursement for whatever you have planned to save for (i.e. vacation).

There are several other resources at HealthEquity that may be helpful to you.

You can use your HSA at www.hsastore.com.

For questions, contact your benefits team via the following options (Available M-F 8:00 AM to 5:00 PM EDT):

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