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UWHC,

Benefits,

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Pay & Benefits,Benefits,Flexible Spending,UW Hospitals and Clinics,Flexible Spending Accounts and Health Savings Accounts (UWHC)

Health Savings Account

Health Savings Account - Pay & Benefits, Benefits, Flexible Spending, UW Hospitals and Clinics, Flexible Spending Accounts and Health Savings Accounts (UWHC)

Focus

Benefit Summary

A Health Savings Account (HSA) lets you save money tax-free to pay for health care expenses not covered by insurance. If you do not use all your HSA funds, they carry over year-to-year without forfeiture. The money is yours, even if you leave the High Deductible Health Plan (HDHP) or employment.

UWHC will contribute to an employee's HSA. These contributions are considered part of the annual contribution maximum. You will want to take these amounts into consideration when determining the amount you would like to have deducted from your pay.

HSA Contributions Single Family
UWHC Contributions $750 $1500
Maximum IRS HSA Contributions $3450 $6900

Benefit Eligibility

All full-time and part-time employees of UWHC who are enrolled in a High Deductible Health Plan are eligible to enroll in an HSA. Employees-in-training and graduate assistants are not eligible to enroll in a Health Savings Account.

Health Savings Accounts

Premiums/Contributions

Premiums are based on your contribution election. Typically the annual contribution is divided between all remaining payrolls in the calendar year. This can be adjusted upon request.

Enrollment

Initial Enrollment

Enrollment in the Health Savings Account (HSA) requires online enrollment within 30 days of the date of hire. Coverage will be effective on the first of the month on or after submission of your enrollment.

Open Enrollment

Employees must re-enroll for the Health Savings Account (HSA) each year during the Open Enrollment period in October/November.

Qualifying Life Event

If you experience a qualifying life event and enroll in the High Deductible Health Plan option, you are eligible to enroll in a Health Savings Account (HSA) at that time. To make changes to your health plan enrollment/HSA, please review Life Events (UWHC) page for information on what changes you can make due to a Qualifying Life Event, how to obtain the applications, and when the change is effective. Completed applications must be submitted to Human Resources within 30 days of the qualifying life event.

A qualifying life event includes marriage, birth or adoption of a child, a death, divorce, termination of employment, or for dependent care only, a change in childcare providers.

TASC Contact Information

TASC Customer Care is available Monday-Friday, 8am-5pm (all time zones) to assist you with inquiries regarding TASC service offerings.

Online Portal: https://partners.tasconline.com/ETFEmployee

Phone: (844) 786-3947 or (608) 316-2408

Email: 1customercare@tasconline.com