COVID-19 CARES Act FSA/HSA OTC Expenses
A Health Savings Account (HSA) allows you to set aside a portion of your income, on a pre-tax basis, to pay for out-of-pocket healthcare expenses . Contributions made to an HSA are deducted from your pay before federal, state or social security taxes are calculated, which reduces your taxable income. Beginning 1/1/2020, Wittenberg will partner with Chard Snyder to administer the Health Savings Accounts.
Required Documents
- HSA Custodial Agreement
- HSA Electronic Disclosure
- HSA Contribution/Change form
- HSA notice to Medicare eligible employees
Helpful Documents & Videos
- Anthem HDHP with HSA Preventive Rx drug list
- Chard Snyder HSA informational flyer
- Chard Snyder HSA transfer flyer
- Chard Snyder HSA transfer request form
- HSA's and Medicare
- USI - What is a Health Savings Account (HSA)
- USI - HSA Q&A Flyer
- Link to IRS publication on HSA's and other tax-favored accounts
- Short video on HDHP (aka CDHP) to become familiar with how this type of healthcare plan works