HEALTH SAVINGS ACCOUNT (HSA) Compatible B730ADT $7,850 HDHP Medical Plan If you are enrolled in a qualified High-Deductible Health Plan (HDHP), you can enroll in an HSA account for qualified medical, dental and vision expenses. And as long as you are not… • covered by any other health plan that is not a qualified high-deductible plan • enrolled in Medicare, TRICARE, or TRICARE for Life • claimed as a dependent on someone else’s tax return Who Can Participate? • No minimum per year • Employee Only: $4,500 max • Employee + 1 or more: $9,000 max If you are age 55 or older, you are allowed to contribute an additional $1,000 per year. 2027 Contribution Limits HSA funds can be held in an interest-bearing account and may be invested in mutual funds upon reaching a minimum balance. Earnings grow tax- free! Account Investments Availability of Funds Only the balance of funds in the HSA is available. Expenses can be paid by: • HSA Debit Card • Withdraw funds to reimburse yourself Paying for Eligible Expenses Save your receipts and EOBs! Saving Receipts The IRS requires documentation of HSA withdrawals during a tax audit. Reimbursement You may pay for expenses incurred after your HSA Deadline was opened at any time. There is no deadline. Rollover Funds All funds remaining in the account at the end of the year rollover. 11 Healthcare Budgeting