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 Money in an HSA goes in tax-free, grows tax-free and can be withdrawn tax-free as long as the funds are used for qualified health care expenses.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

Eligibility

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

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 $3,650 if you enroll only yourself or $7,300 if you enroll yourself and your spouse/DP and/or dependents. You can make an additional catch-up contribution if you are age 55.

The Company’s Contribution

Employee Only:     

  • $200 lump-sum in January: Must be enrolled and eligible by 01/01/2022 (for January contr.)
  • $200 lump-sum in July: Must be enrolled and eligible by 07/01/2022 (for July contr.)

Employee +Spouse/Domestic Partner/Children/Family

  • $400 lump-sum in January: Must be enrolled and eligible by 01/01/2022 (for January contr.)
  • $400 lump-sum in July: Must be enrolled and eligible by 07/01/2022 (for July contr.)

Eligible Expenses

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

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.

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.

HSA Features

1. You can use it or keep it.
2. You enjoy triple tax advantages.
3. You can take it with you.
4. You’re in control.
5. It stays with you for the long haul.
6. It has real growth potential.