HEALTH SAVINGS ACCOUNT MORE INFORMATION LMC is going to make the following contributions to ▪ You can immediately enroll and contribute to the HSA your HSA account: ▪ Funds are only available as you accrue them ▪ Single: $1,000 annually / contributed monthly ▪ HSA dollars are not ‘use it or lose it’ they rollover from year to year ▪ Family: $2,500 annually / contributed monthly ▪ The account is portable so is yours to keep if you change jobs or retire ▪ You can also fund into the HSA account on a pre- ▪ Your dollars gain interest and can be invested, so they grow tax-free tax basis to pay for eligible medical, Rx, dental and vision expenses ▪ Upon retirement you can roll funds into your 401K or withdraw them ▪ Maximum contribution for 2021 as cash with no penalty ▪ Single - $3,600 ▪ If you are enrolled in Medicare you CANNOT contribute to an HSA ▪ Family - $7,200 account ▪ Aged 55+ can contribute an extra $1,000 per year as a ‘catch-up’ contribution ▪ More Details 25