Health Savings Account (HSA)

If you enroll in the UHC Choice Plus HSA, you are eligible to open an HSA, through Optum Bank, to help pay for most health care expenses. An HSA can help you pay for eligible health care expenses such as medical, dental, vision care, and prescription drugs.

How the HSA Works

  • Quadient starts your savings off with FREE MONEY (see contributions in the table below).
  • Set aside tax-free* money to pay for health care expenses.
  • Simply pay for eligible expenses using the HSA debit card. Or submit your receipts with myuhc.com and get reimbursed. It’s really easy.
  • If you leave the company or retire, the account, including Quadient’s contributions, goes with you.
  • All unused funds roll over year-to-year, so there’s no pressure to spend it all in one place.
  • You have the freedom to control and manage your health care spending and savings to grow your balance for future qualified medical expenses, such as those in retirement.
  • When you reach a balance of $1,000, your HSA funds can be invested to earn more money.

Contributions

Each year, you can give yourself pre-tax funds to spend on health care up to the annual IRS maximums (combined with Quadient’s contribution). We’ve outlined these here for you.

Coverage type  Quadient HSA Contribution IRS Maximum Limit Maximum You Can Contribute
Individual Coverage $500 $4,400 $3,900
Family Coverage $1,000 $8,750 $7,750
Age 55+ Catch-up Contribution Additional $1,000

*State taxes may still apply in CA and NJ. For detailed tax implications of an HSA, please contact your professional tax advisor.

New Hires & Qualifying Life Events: Company contributions are pro-rated. Your HSA will not be opened or funded until the month following your eligibility date.

What About the Fine Print?

  • You must be enrolled in a qualified HDHP, like the UHC Choice Plus HSA, to participate in an HSA.
  • You cannot be covered under another non-qualified health plan, including your spouse/domestic partner’s Health Care FSA.
  • You cannot be enrolled in Medicare or Tricare.
  • You must stop contributing to your HSA six months before enrolling in Medicare.
  • You cannot be claimed as a dependent on someone else’s tax return.
  • Your children must be considered qualified dependents for tax purposes for their medical claims to be eligible.


Questions? Refer to IRS Publication 969 for complete rules.

See the Benefits Guide or flyers for detailed information.

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