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|
|Age 55+ Catch-up Contribution||Additional $1,000|
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.
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 www.healthequity.com.
While on www.healthequity.com, 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.
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 www.HSAStore.com or view a list of qualified medical expenses before you make a purchase.
*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.