BUDGETING FOR YOUR CARE
When you put money into a health savings account or flexible spending account, you can save
about 20%* on your care. This is because you don’t pay taxes on your contributions.
COMPARE YOUR OPTIONS
Health Savings Account (HSA)
If you enroll in the KeyCare HDHP, you may be eligible to open and fund a health savings account (HSA) through PNC.
An HSA is a savings account that you can use to pay out-of-pocket health care expenses with pre-tax dollars.
CENTURION CONTRIBUTION
If you enroll in the KeyCare HDHP, Centurion will help you save by matching your contribution to your account.
- Employee-only: $750
- All other coverage levels: $1,500
2021 IRS HSA CONTRIBUTION MAXIMUMS
Contributions to an HSA (including the Centurion contribution) cannot exceed the IRS allowed annual maximums.
- Individuals: $3,600
- All other coverage levels: $7,200
HSA ELIGIBILITY
You are eligible to fund an HSA if:
- You are enrolled in the KeyCare HDHP.
You are NOT eligible to fund an HSA if:
- You are covered by a non-HSA eligible medical plan, health care FSA, or health reimbursement arrangement.
- You are eligible to be claimed as a dependent on someone else’s tax return.
- You are enrolled in Medicare, TRICARE, or TRICARE for Life
Refer to IRS Publication 969 for additional eligibility details. If you are over age 65, please contact the Benefits Department.
Flexible Spending Accounts (FSAs)
Centurion offers three flexible spending account (FSA) options administered by TRI-AD.
Log into your account at tri-ad.com/fsa to: view your account balance(s), calculate tax savings, view eligible expenses, download forms, view transaction history, and more.