Health Savings Account (HSA)

Health Savings Account (HSA)

If you enroll in the Aetna Healthfund Choice plan, you are eligible to open a Health Savings Account (HSA), administered by HealthEquity. An HSA can help you pay for eligible health care expenses such as medical, dental, vision care, and prescription drugs.

Coverage Type 2022 Cradlepoint HSA Contribution 2022 Maximum Employee Contribution 2022 IRS Contribution Limit
Individual Coverage $1,250 $2,400 $3,650
Family Coverage $2,500 $4,800 $7,300
Age 55+ Catch-up Contribution Additional $1,000

What’s in It for Me?

  • Cradlepoint contributes $ to your HSA! It’s FREE money! See the chart for contributions.
  • You can set aside pre-tax money from your paycheck to help pay for additional out-of-pocket health care expenses. HSAs give you triple tax advantages:
    1. Your contributions to the HSA are not taxed.*
    2. Payment of qualified expenses is tax-free.
    3. Earnings are tax-free.*
  • The HSA is an individual account you own! The entire balance is yours to keep. If you leave the company, the account goes with you.
  • You can make changes to your HSA contributions at any time. Unused funds always roll over to the next plan year.
  • Freedom to control and manage your healthcare spending and savings to grow your balance for future qualified medical expenses, such as those in retirement.

How Much Can I Contribute?

Contributions cannot exceed the annual IRS maximums. In 2022, the IRS maximum for individual coverage is $3,650 and for family coverage is $7,300. If you are age 55 or over, you may contribute an additional $1,000.

Using Your HSA Funds

When you enroll in an HSA, you will receive a HealthEquity debit card. You can also submit claims online through your own personal account at

While on, be sure to check out their Open Enrollment center where you can learn all about qualified medical expenses, contribution limits, and then compare your options using the savings calculator.

The HealthEquity Mobile App

HealthEquity’s mobile app makes it easier to manage your account on-the-go. With the app, you can take a photo of your receipts to initiate the claims process, send payments to providers or reimburse yourself for out-of-pocket expenses. Download now on the App Store or on Google Play.

You can also review your account balance, shop on or view a list of qualified medical expenses before you make a purchase.

What About the Fine Print?

HSA Eligibility Requirements:

  • You must be enrolled in a qualified High Deductible Health Plan (HDHP), such as the Aetna Healthfund Choice plan.
  • You cannot be covered under another non-qualified health plan.
  • You cannot be actively contributing to a Health Care Flexible Spending Account, and you cannot have access to funds in your spouse’s Health Care FSA.
  • You cannot be enrolled in Medicare (including Part A) or Tricare.
  • You cannot be claimed as a dependent on someone else’s tax return.

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

Refer to IRS Publication 969 for complete HSA rules.

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