2020 Ensign Benefits Guide

If you enroll in the PPO 1500, EPO 2000, PPO 5000, or Kaiser So. CA HMO 2000, you have the option to contribute to a Health Savings Account (HSA). The HSA offers tax savings and can be used to cover medical, pharmacy, dental and vision expenses now or in the future. Unlike money in a Flexible Spending Account (FSA) that you must “use or lose,” the funds in your HSA roll over each year and continue to build. You can use funds as soon as they are deposited, or you can save them to pay for future eligible health expenses, even those you incur after you retire. Your HSA funds are also portable, so if you leave the Company, you can take your account balance with you. Health Savings Account 13 Want to learn more about the HSA? Talk to ALEX . Go to https://www.myalex.com/ensign/2020 . Health Savings Account At-a-Glance Who is eligible? You are eligible to contribute to an HSA if you are: • Enrolled in an HSA-qualified medical plan; • Not covered by any other medical plan (through your spouse or as a retiree), including a Health Care FSA; • Not enrolled in Medicare, Medicaid or TRICARE; and • Not claimed as a dependent on another person’s tax return. HSA advantages • Your contributions are tax-free* and reduce your overall taxable income. • You never pay taxes on withdrawals for qualified health care expenses. • Unlike the Medical FSA, you won’t lose your HSA balance if you don’t spend it. You take it with you if you change jobs, retire, or leave the health plan How much can be contributed to an HSA? • Up to $3,550 if you have Employee Only coverage. • Up to $7,100 if you have Employee + Dependents coverage. • Additional $1,000 if you are age 55 or older. • If your account balance reaches at least $1,000, you may choose available investment funds for your balance. What can be paid from your HSA? • You can use your HSA for medical, dental, vision and pharmacy expenses for you and any family member who qualifies as a dependent on your tax return. • For a complete list of eligible expenses visit the official IRS website at http://www.irs.gov/publications/p502/index.html . Using your HSA Complete instructions are included in your HealthEquity Welcome Kit after you enroll • Use the HealthEquity Visa® health account card, or submit expenses online at www.healthequity.com . • Your account balance and information on claims is available 24/7 on your HealthEquity member portal, by calling HealthEquity Member Services, or by accessing via your HealthEquity mobile app. • Your account balance is NEVER forfeited; unused amounts stay in your account. *State taxes will apply if you live in California, Alabama or New Jersey.

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