Each medical plan offered by Whitnall is eligible to receive pre-tax health savings account ("HSA") contributions through payroll deductions from employees who are benefit eligible. For those individuals who choose medical Plan B, Whitnall also contributes to an HSA account to help offset out-of-pocket costs. HSA monies are managed by Diversified Benefit Services (DBS), are deposited into a bank account of your choice, and if monies go unused, accumulate from year-to-year.
COVID-19: 3/30/2020 Change Notice - Over-the-Counter Drugs
HSA contributions:
- run on a calendar year; January 1 - December 31
- can be adjusted/started/stopped at any time throughout the year
- can be used for “qualified medical expense” permitted under federal tax law
- are subject to annual maximum contribution limits as set by the IRS
We encourage you to:
- Visit our medical webpage
- Access the HSA documents here
- Review the FAQs on the DBS website
- Create your DBS online account here
- Save your receipts for tax preparation purposes
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