Health Savings Account (HSA)
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Enrolling in HSA
If you enroll in the HSA Saver HDHP, you can open an HSA, through Benepass, to pay for eligible health care expenses not covered by your medical, dental, or vision plan. Eligible expenses include deductibles, copays, and coinsurance.
What’s In It For Me?
- TAG will match your HSA contribution dollar-for-dollar up to a certain amount each pay period, just for HSA enrollees! See your Benefit Guide for details about the match and contribution limits!
- You can set aside pre-tax money from your paycheck to help pay for additional out-of-pocket health care expenses. HSAs give you triple tax advantages:
- Your contributions to the HSA are not taxed*
- Payment of qualified expenses is tax-free
- Earnings are tax-free*
- The HSA is an individual account you own! The entire balance is yours to keep. If you leave the company, the account goes with you.
- You can make changes to your HSA contributions at any time. Unused funds always roll over to the next plan year.
- Freedom to control and manage your healthcare spending and savings to grow your balance for future qualified medical expenses, such as those in retirement.
*State taxes may still apply in CA and NJ. For detailed tax implications of an HSA, please contact your professional tax advisor.
How Much Can I Contribute?
Your total annual contribution to your HSA equals the combination of your contribution plus the TAG employer match each pay period, not to exceed the annual IRS maximums.
2026 IRS maximums:
- Individual: $4,400
- Family: $8,750
- Age 55+: An additional $1,000
HSA Eligibility Requirements
- You must be enrolled in the Health Saver HDHP.
- You cannot be covered under another non-qualified health plan, including your spouse’s Health Care FSA.
- You cannot be enrolled in Medicare or Tricare.
- You cannot be claimed as a dependent on someone else’s tax return.
Refer to IRS Publication 969 for a complete list of eligible expenses and HSA rules.
*State taxes may still apply in CA and NJ. For detailed tax implications of an HSA, please contact your professional tax advisor.
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Benepass
Your Rights
This website highlights some of your benefit plans. Your actual rights and benefits are governed by the official plan documents. If any discrepancy exists between this communication and the official plan documents, the plan documents will prevail. The company reserves the right to change any benefit plan without notice. Benefits are not a guarantee of employment.
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