Reminder about 2021 Health Saving Account contributions
For eligible Asante employees enrolled in the Asante Savings Health Plan, a Health Savings Account is a great way to set aside pre-tax dollars to be used for eligible health care expenses.
Keep in mind is that annual HSA maximum contribution amounts are set by the IRS. It is the employee’s responsibility to monitor your HSA and the contributions made to the account throughout the year. Any contributions made to the account, either by you or by Asante, will count toward the IRS maximum limit.
The IRS contribution limits for 2020 are:
- Individual = $3,600
- Family = $7,200 (defined as coverage for the employee and anyone else)
- Catch-up contribution = $1,000 (employees age 55 and older)
You can view total contributions to your HSA on the HealthEquity website at myhealthequity.com. Once logged in, go to My Account > HSA > Contribution History and update the year to 2021. The contribution history page will display your 2021 HSA contribution totals, which you should compare to the IRS contribution limits.
For details on how much you’ve contributed via payroll, as well as Asante contributions, review your pay stub on myHR (Pay > My Payroll Documents). Keep in mind that what you see on your pay stub will not include post-tax contributions made to the account. Asante does not have access to the balance of your HSA at any time.
If you over-contributed to your HSA, go to the HealthEquity website and complete the HSA Mistaken Contribution form (Docs and Forms > General Forms) to remove excess contributions.
HSA contributions can be changed or stopped at any time. Additional questions? Call HealthEquity at (866) 960-8055.
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