Health Savings Account
Administered by Optum Bank
If you are enrolled in the PPO High Deductible Health Plan (HDHP), you are automatically enrolled in a Health Savings Account (HSA).
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Contribution Limits
There are contribution limits, set by the IRS and adjusted annually. These limits are prorated based upon your plan effective date, up to the annual plan year maximum.
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Single: $4,300
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Family: $8,550
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Those age 55 and older may contribute an additional $1,000 known as the "catch-up" amount
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Meridian Bank funds 30% of the deductible on a per pay basis for PPO HDHP enrollees.
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Meridian Bank's Contribution (single/family): $600/$1,200
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Enrollee's Max Contribution (single/family): $3,700/$7,350
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REMINDER: The HSA is only available to employees enrolled in the HDHP Plan.
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CLICK HERE for a full list of Qualified Medical Expenses.
