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Health Savings Account (HSA)

HSA Features

The money in your HSA can be used to pay for medical, prescription drug, dental or vision care – such as office visits, lab work, X-rays and prescriptions – now or in the future. Money in an HSA goes in tax-free, grows tax-free and can be withdrawn tax-free as long as the funds are used for qualified health care expenses.
How a Health Savings Account (HSA) Works
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Health Savings Account (HSA)

HSA Features

The money in your HSA can be used to pay for medical, prescription drug, dental or vision care – such as office visits, lab work, X-rays and prescriptions – now or in the future. Money in an HSA goes in tax-free, grows tax-free and can be withdrawn tax-free as long as the funds are used for qualified health care expenses.
How a Health Savings Account (HSA) Works
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Eligibility

You must be enrolled in the Anthem Blue Cross Silver or Bronze Plan and not covered by any other health plan, including FSA.
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Your Contributions

You contribute on a pretax basis and can change how much you contribute from each paycheck.  Your total contributions (including Company contributions) may not exceed the IRS maximum of $3600 if you enroll only yourself or $7200 if you enroll yourself and your spouse/DP and/or dependents.  You can make an additional catch-up contribution if you are age 55.
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The Company’s Contribution

Employee Only                                           $200 lump-sum in January    $200 lump-sum in July

Employee + Spouse/Domestic Partner
Employee + Child(ren)                                $400 lump-sum in January    $400 lump sum in July
Employee + Family
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Eligible Expenses

Medical, dental, vision and prescription drug expenses incurred by you and your eligible family members.
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Using Your Account

United Rentals uses Optum Bank for the HSA benefit.  Use the debit card linked to your HSA to cover eligible expenses, or pay for expenses out of your own pocket and save your HSA money for future health care expenses.
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Remaining Funds

Money left in your HSA at the end of the year will roll over to the next year - you’ll never lose your HSA dollars.  If you leave the company or retire, you can take your HSA with you continue to pay and save for future eligible health care expenses.

Six Reasons to Consider an HSA

1. You can use it or keep it.
  • Any money you don’t use by the end of the plan year rolls over and earns interest.

Part-time and Temporary employees are eligible for a limited subset of benefits.  Union employees: refer to your collective bargaining agreement for your benefits eligibility.