Overview

If you enroll in the PPO Saver Plan, you are eligible to enroll in and contribute to a Health Savings Account (HSA). An HSA is a tax-advantaged savings account that you can use to pay for current or future qualified health care expenses.

WinnCompanies will contribute $500 for team member-only coverage and $1,000 for employee +1 and Family coverage. You can also contribute to your HSA on a pre-tax basis, which saves you money by lowering the amount you pay in income taxes.

Put money in tax-free.
  • Contribute to your HSA through pre-tax payroll deductions (up to IRS annual limits).
  • Change your contribution amount anytime by contacting the HR Helpdesk.
Get company contributions.
  • $500 for team member-only coverage
  • $1,000 if you cover dependents
Pay for care tax-free.*
Carry unused money over.
  • All the money in your HSA is yours to keep, year after year.
  • You can build up savings to pay for future health care expenses. You can even invest your money once it reaches a minimum balance, which gives you the potential for tax-free earnings growth and a way to plan ahead for your medical costs in retirement.

Contribution Limits

In 2019, the limits on total contributions to your account (from both you and WinnCompanies) are:

  • Up to $3,500 for team member-only coverage
  • Up to $7,000 for family coverage

WinnCompanies will contribute $500 for individual coverage and $1,000 for employee +1 and Family coverage.

Add $1,000 to these limits if you’re age 55 or older.

Plan for the future

Setting aside tax-free money in your HSA is a great way to save money on income taxes now, while building up funds to use in the future.

*Money in an HSA can be withdrawn tax-free as long as it is used to pay for qualified health-related expenses. If money is used for ineligible expenses, you will pay ordinary income tax on the amount withdrawn, plus a 20% penalty tax if you withdraw the money before age 65.