{"id":605,"date":"2023-03-14T19:01:58","date_gmt":"2023-03-14T19:01:58","guid":{"rendered":"https:\/\/mytkbenefits.com\/presta-staging\/?page_id=605"},"modified":"2025-10-17T15:17:15","modified_gmt":"2025-10-17T20:17:15","slug":"health-savings-account-hsa","status":"publish","type":"page","link":"https:\/\/mytkbenefits.com\/presta\/finance\/health-savings-account-hsa\/","title":{"rendered":"Health Savings Account (HSA)"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; custom_padding_last_edited=&#8221;on|phone&#8221; admin_label=&#8221;breadcrumb-title-intro section&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_padding=&#8221;16px||80px||false|false&#8221; custom_padding_tablet=&#8221;14px||0px||false|false&#8221; custom_padding_phone=&#8221;14px||0px||false|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row custom_padding_last_edited=&#8221;on|tablet&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||0px||false|false&#8221; custom_padding=&#8221;0px||0px|0px|false|false&#8221; custom_padding_tablet=&#8221;||67px||false|false&#8221; custom_padding_phone=&#8221;||67px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][dipi_breadcrumbs bc_custom_home=&#8221;on&#8221; bc_home_text=&#8221;Home&#8221; bc_home_url=&#8221;https:\/\/mytkbenefits.com\/presta\/&#8221; bc_separator_icon=&#8221;&#x35;||divi||400&#8243; bc_separator_size=&#8221;20px&#8221; bc_separator_color=&#8221;gcid-cda0448a-5641-4dd1-8a62-1961108990d4&#8243; bc_separator_space=&#8221;1px&#8221; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; items_text_color=&#8221;#0055be&#8221; items_font_size=&#8221;14px&#8221; items_line_height=&#8221;1em&#8221; active_text_color=&#8221;gcid-cda0448a-5641-4dd1-8a62-1961108990d4&#8243; active_font_size=&#8221;14px&#8221; active_line_height=&#8221;1em&#8221; custom_margin=&#8221;0px|0px|48px|0px|false|false&#8221; custom_padding=&#8221;0px||0px|0px|false|false&#8221; global_colors_info=&#8221;{%22gcid-cda0448a-5641-4dd1-8a62-1961108990d4%22:%91%22active_text_color%22,%22bc_separator_color%22%93}&#8221;][\/dipi_breadcrumbs][et_pb_text admin_label=&#8221;Text &#8212; page title&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;203e9f98-f439-4fbf-9d5d-c960ddb1bc77&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h1>Health Savings Account (HSA)<\/h1>\n<p>[\/et_pb_text][et_pb_text admin_label=&#8221;Text &#8212; page introduction&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;2167960b-205b-4b8a-9dc8-7efe67d269b4&#8243; global_colors_info=&#8221;{}&#8221;]Want to save on taxes? Looking to set aside money for future medical expenses? Then the Health Savings Account (HSA) is for you.[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; make_equal=&#8221;on&#8221; use_custom_gutter=&#8221;on&#8221; gutter_width=&#8221;2&#8243; specialty=&#8221;on&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; padding_top_1=&#8221;0px&#8221; padding_top_2=&#8221;0px&#8221; padding_right_1=&#8221;0px&#8221; padding_right_2=&#8221;0px&#8221; padding_bottom_1=&#8221;0px&#8221; padding_bottom_2=&#8221;0px&#8221; padding_left_1=&#8221;0px&#8221; padding_left_2=&#8221;0px&#8221; padding_top_bottom_link_1=&#8221;false&#8221; padding_top_bottom_link_2=&#8221;false&#8221; padding_left_right_link_1=&#8221;false&#8221; padding_left_right_link_2=&#8221;false&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;|0px|0px||false|false&#8221; custom_padding=&#8221;0px||75px||false|false&#8221; custom_padding_tablet=&#8221;||54px||false|false&#8221; custom_padding_phone=&#8221;||40px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;2_3&#8243; specialty_columns=&#8221;2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_row_inner use_custom_gutter=&#8221;on&#8221; gutter_width=&#8221;2&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||64px||false|false&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column_inner saved_specialty_column_type=&#8221;2_3&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;f076844f-ce13-48af-86e4-ac684390b521&#8243; custom_padding=&#8221;0px||0px||false|false&#8221; custom_css_main_element=&#8221;font-weight: 400 !important;&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{%22gcid-cda0448a-5641-4dd1-8a62-1961108990d4%22:%91%22text_text_color%22%93}&#8221;]<\/p>\n<p>Paired with the medical <strong>Savings Plan<\/strong>, the HSA a way to pay for eligible medical expenses now or save for medical expenses in the future. Get reimbursed for out-of-pocket expenses not covered by any medical, prescription, dental, or vision plan. Examples may include deductibles, copays, contact lenses, hearing aids, and orthodontia. For a complete list of eligible expenses, go to <a href=\"https:\/\/www.healthequity.com\/hsa-qme\/\" target=\"_blank\" rel=\"noopener\">HealthEquity<\/a>.<\/p>\n<p class=\"para_b4_list\">The HSA offers you:<\/p>\n<ul>\n<li><strong>Flexibility<\/strong> \u2014 you decide each year how much money you want to save, and deposits through payroll deductions are made to your HSA account<\/li>\n<li><strong>Growth<\/strong> \u2014 your HSA account can grow over time; unused funds roll over year after year<\/li>\n<li><strong>Portability<\/strong> \u2014 the money in your account is yours to keep; when you leave the company, you take your account with you<\/li>\n<\/ul>\n<p class=\"para_b4_list\">You also save with the triple tax advantage:<\/p>\n<ol>\n<li>Money going in is tax-free.<\/li>\n<li>Money you use is tax-free (for IRS qualified health expenses \u2014 including dental and vision).<\/li>\n<li>Any investment earnings are tax-free.<\/li>\n<\/ol>\n<p>The account is only available to you if you elect the Savings Plan as your medical insurance.<\/p>\n<p>[\/et_pb_text][\/et_pb_column_inner][\/et_pb_row_inner][et_pb_row_inner use_custom_gutter=&#8221;on&#8221; gutter_width=&#8221;1&#8243; make_equal=&#8221;on&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||45px||false|false&#8221; custom_margin_tablet=&#8221;||40px||false|false&#8221; custom_margin_phone=&#8221;||30px||false|false&#8221; custom_margin_last_edited=&#8221;on|phone&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; custom_css_main_element_last_edited=&#8221;on|tablet&#8221; custom_css_main_element_phone=&#8221;display: grid !important;||gap: 24px !important;&#8221; custom_css_main_element_tablet=&#8221;display: flex;||gap: 24px;||&#8221;][et_pb_column_inner saved_specialty_column_type=&#8221;2_3&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#00A0F5&#8243; custom_padding=&#8221;||||false|false&#8221; custom_css_main_element=&#8221;margin-right: 12px !important;&#8221; global_colors_info=&#8221;{}&#8221; custom_css_main_element_last_edited=&#8221;on|tablet&#8221; custom_css_main_element_tablet=&#8221;margin-right: 0px;&#8221; custom_css_main_element_phone=&#8221;width: 100% !important;&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;de654394-fbc0-49bb-811c-1fa6d529802b&#8221; global_colors_info=&#8221;{%22gcid-cda0448a-5641-4dd1-8a62-1961108990d4%22:%91%22text_text_color%22,%22header_4_text_color%22,%22text_text_color%22,%22header_4_text_color%22,%22text_text_color%22,%22header_4_text_color%22,%22header_6_text_color%22%93,%22gcid-31990cfb-5642-4dbc-b383-9f1b5452de0e%22:%91%22background_color%22%93}&#8221;]<\/p>\n<h6>HSA Administrator:<\/h6>\n<h4>HeathEquity<\/h4>\n<p>HealthEquity is one of the largest administrators of Health Savings Accounts in the country. With over 14 million members, open your account online, pay bills, or invest your tax-free contributions easily and with confidence. You will be issued a debit card to access your funds right away.<\/p>\n<p>[\/et_pb_text][\/et_pb_column_inner][\/et_pb_row_inner][et_pb_row_inner use_custom_gutter=&#8221;on&#8221; gutter_width=&#8221;2&#8243; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px||40px||false|false&#8221; custom_margin_tablet=&#8221;||24px||false|false&#8221; custom_margin_phone=&#8221;||24px||false|false&#8221; custom_margin_last_edited=&#8221;on|phone&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column_inner saved_specialty_column_type=&#8221;2_3&#8243; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;f076844f-ce13-48af-86e4-ac684390b521&#8243; custom_margin=&#8221;0px||24px||false|false&#8221; custom_padding=&#8221;0px||0px||false|false&#8221; custom_css_main_element=&#8221;font-weight: 400 !important;&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{%22gcid-cda0448a-5641-4dd1-8a62-1961108990d4%22:%91%22text_text_color%22%93}&#8221;]<\/p>\n<h3>HSA vs FSA<\/h3>\n<p>There are a few medical accounts, and sometimes they are confused. <a href=\"https:\/\/mytkbenefits.com\/presta\/finance\/flexible-spending-accounts-fsas\/\">The Flexible Spending Account (FSA)<\/a> has been around for awhile, and while it also allows tax savings for medical expenses, it is limited as the balance is only available for the current year and expires on the last day of the year, even if you haven\u2019t spent the whole balance. However, you don\u2019t have to be enrolled in a specific plan to have it.<\/p>\n<p>People who have an HSA can also have an FSA, but they can\u2019t use it for any medical expenses, just eligible dental and vision expenses. Because it cannot be used for medical expenses, it is called a Limited Purpose Healthcare FSA, and this is an important difference when compared to a regular Health\u00a0FSA.<\/p>\n<p>If you are thinking about the FSA as an option, here are the key differences with the HSA:[\/et_pb_text][et_pb_code _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; overflow-x_tablet=&#8221;&#8221; overflow-x_phone=&#8221;&#8221; overflow-x_last_edited=&#8221;on|phone&#8221; global_colors_info=&#8221;{}&#8221;]<!-- [et_pb_line_break_holder] --><\/p>\n<table class=\"benefits-table row-highlights feature\"><!-- [et_pb_line_break_holder] -->  <\/p>\n<thead><!-- [et_pb_line_break_holder] -->    <\/p>\n<tr class=\"header\"><!-- [et_pb_line_break_holder] -->      <\/p>\n<th class=\"blue-header\"><!-- [et_pb_line_break_holder] -->        FEATURE<!-- [et_pb_line_break_holder] -->      <\/th>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<th class=\"blue-header\"><!-- [et_pb_line_break_holder] -->        HSA<!-- [et_pb_line_break_holder] -->      <\/th>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<th class=\"blue-header\"><!-- [et_pb_line_break_holder] -->        FSA<!-- [et_pb_line_break_holder] -->      <\/th>\n<p><!-- [et_pb_line_break_holder] -->    <\/tr>\n<p><!-- [et_pb_line_break_holder] -->  <\/thead>\n<p><!-- [et_pb_line_break_holder] -->  <\/p>\n<tbody><!-- [et_pb_line_break_holder] -->    <\/p>\n<tr><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>Save money to pay for eligible health care expenses<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td><i color=\"#00a0f5\" class=\"fa-solid fa-circle-check\"><\/i><\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td><i class=\"fa-solid fa-circle-check\"><\/i><\/td>\n<p><!-- [et_pb_line_break_holder] -->    <\/tr>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<tr><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>You decide if you want to contribute and how much; deductions are made from your paycheck<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td><i class=\"fa-solid fa-circle-check\"><\/i><\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td><i class=\"fa-solid fa-circle-check\"><\/i><\/td>\n<p><!-- [et_pb_line_break_holder] -->    <\/tr>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<tr><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>All employees are eligible<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td><\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td><i class=\"fa-solid fa-circle-check\"><\/i><\/td>\n<p><!-- [et_pb_line_break_holder] -->    <\/tr>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<tr><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>You must be in a high deductible health plan to participate<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td><i class=\"fa-solid fa-circle-check\"><\/i><\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td><\/td>\n<p><!-- [et_pb_line_break_holder] -->    <\/tr>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<tr><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>Pre-tax contribution<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td><i class=\"fa-solid fa-circle-check\"><\/i><\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td><i class=\"fa-solid fa-circle-check\"><\/i><\/td>\n<p><!-- [et_pb_line_break_holder] -->    <\/tr>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<tr><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>Unused funds roll over from year to year<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td><i class=\"fa-solid fa-circle-check\"><\/i><\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td><\/td>\n<p><!-- [et_pb_line_break_holder] -->    <\/tr>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<tr><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>Investment options with tax-free earnings<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td><i class=\"fa-solid fa-circle-check\"><\/i><\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td><\/td>\n<p><!-- [et_pb_line_break_holder] -->    <\/tr>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<tr><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>Tax-free withdrawal (for qualified expenses)<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td><i class=\"fa-solid fa-circle-check\"><\/i><\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td><i class=\"fa-solid fa-circle-check\"><\/i><\/td>\n<p><!-- [et_pb_line_break_holder] -->    <\/tr>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<tr><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>Portable \u2014 take your account with you if you leave the company<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td><i class=\"fa-solid fa-circle-check\"><\/i><\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td><\/td>\n<p><!-- [et_pb_line_break_holder] -->    <\/tr>\n<p><!-- [et_pb_line_break_holder] -->    <\/p>\n<tr><!-- [et_pb_line_break_holder] -->      <\/p>\n<td>Use it or lose it at the end of each calendar year<\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td><\/td>\n<p><!-- [et_pb_line_break_holder] -->      <\/p>\n<td><i class=\"fa-solid fa-circle-check\"><\/i><\/td>\n<p><!-- [et_pb_line_break_holder] -->    <\/tr>\n<p><!-- [et_pb_line_break_holder] -->  <\/tbody>\n<p><!-- [et_pb_line_break_holder] --><\/table>\n<p><!-- [et_pb_line_break_holder] --><!-- [et_pb_line_break_holder] -->[\/et_pb_code][\/et_pb_column_inner][\/et_pb_row_inner][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text admin_label=&#8221;grey sidebar text&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;45c1c8c5-af1d-4c5c-9cd6-59c4632ff5c0&#8243; global_colors_info=&#8221;{%22gcid-cda0448a-5641-4dd1-8a62-1961108990d4%22:%91%22text_text_color%22,%22header_4_text_color%22%93,%22gcid-31990cfb-5642-4dbc-b383-9f1b5452de0e%22:%91%22background_color%22%93}&#8221;]<\/p>\n<h4>The HSA is your bank account<\/h4>\n<p>If you\u2019re signing up for the first time, we\u2019ll send your information to HealthEquity, and you should look out for a welcome packet in the mail. We cannot deposit any funds into the account until you open the account.<\/p>\n<p>This account stays with you even if you switch out of the Savings Health Plan or change jobs.<\/p>\n<p>[\/et_pb_text][et_pb_text admin_label=&#8221;contacts sidebar text&#8221; module_class=&#8221;contacts_sidebar contacts_underline-link&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; text_font=&#8221;Roboto||||||||&#8221; text_text_color=&#8221;#FFFFFF&#8221; text_line_height=&#8221;24px&#8221; link_text_color=&#8221;#FFFFFF&#8221; header_3_font=&#8221;Roboto|500|||||||&#8221; header_3_text_color=&#8221;#FFFFFF&#8221; header_3_font_size=&#8221;32px&#8221; header_3_line_height=&#8221;40px&#8221; header_6_font=&#8221;Roboto||||||||&#8221; header_6_text_color=&#8221;#FFFFFF&#8221; header_6_font_size=&#8221;18px&#8221; header_6_line_height=&#8221;26px&#8221; background_color=&#8221;#003c7d&#8221; custom_margin=&#8221;||40px||false|false&#8221; custom_padding=&#8221;34px|32px|36px|32px|false|false&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<h3>Contacts<\/h3>\n<h6>HealthEquity<\/h6>\n<p><a href=\"https:\/\/my.healthequity.com\/ClientLogin.aspx\" target=\"_blank\" rel=\"noopener\">my.healthequity.com<\/a><br \/>\n(866) 346-5800<\/p>\n<h6>Presta North America Support<\/h6>\n<p><a href=\"mailto:John.Linn@thyssenkrupp-automotive.com, lindsey.samm@thyssenkrupp-automotive.com\">Email HR<\/a><\/p>\n<p class=\"contacts_bottom_link\"><a href=\"https:\/\/mytkbenefits.com\/presta\/contacts\/\">View all Contacts<\/a><i class=\"fa-sharp fa-solid fa-arrow-right\" style=\"font-size: 13px !important; margin-left: 6px;\"><\/i><\/p>\n<p>[\/et_pb_text][et_pb_text admin_label=&#8221;Resources embedded library shortcode&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;0px|0px|40px|0px|false|false&#8221; custom_padding=&#8221;0px|0px|0px|0px|false|false&#8221; custom_css_main_element=&#8221;padding: 0px !important;||margin-bottom: 40px !important;&#8221; global_colors_info=&#8221;{}&#8221; custom_css_main_element_last_edited=&#8221;on|desktop&#8221; custom_css_main_element_tablet=&#8221;padding: 0px !important;||margin-bottom: 40px !important;&#8221; custom_css_main_element_phone=&#8221;padding: 0px !important;||margin-bottom: 40px !important;&#8221;]<\/p>\n[et_pb_section global_module=\"603\"][\/et_pb_section]\n<p>[\/et_pb_text][et_pb_text admin_label=&#8221;grey sidebar text&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;45c1c8c5-af1d-4c5c-9cd6-59c4632ff5c0&#8243; custom_margin=&#8221;40px||40px||false|false&#8221; global_colors_info=&#8221;{%22gcid-cda0448a-5641-4dd1-8a62-1961108990d4%22:%91%22text_text_color%22,%22header_4_text_color%22%93,%22gcid-31990cfb-5642-4dbc-b383-9f1b5452de0e%22:%91%22background_color%22%93}&#8221;]<\/p>\n<h4>Tax Information<\/h4>\n<p>Because the HSA has tax advantages, you do need to report some information when you file your taxes each year.<\/p>\n<p><strong>Form 1099-SA<\/strong> \u2014 HealthEquity makes this form available for you each year that shows how much was paid out of your account, and you include this information on your 8889 return form. Tax preparation software and professionals know to ask for this information.<\/p>\n<p><strong>Form 5498<\/strong> \u2014 This reports the value of your account. You do not need to include this with your taxes and usually isn\u2019t available until mid-year.<\/p>\n<p><strong>Form W2<\/strong> \u2014 Your contributions and anything given to you from the company is listed combined on your W2 and you\u2019ll be asked to enter this information on your return.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; custom_padding_last_edited=&#8221;on|phone&#8221; admin_label=&#8221;REPEATER nav block section &#8212; not the latest text&#8221; module_class=&#8221;button_ICON_adjust&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;gcid-31990cfb-5642-4dbc-b383-9f1b5452de0e&#8221; custom_padding=&#8221;80px||80px||true|false&#8221; custom_padding_tablet=&#8221;48px||48px||true|false&#8221; custom_padding_phone=&#8221;24px||4px||false|false&#8221; global_module=&#8221;377&#8243; saved_tabs=&#8221;all&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{%22gcid-31990cfb-5642-4dbc-b383-9f1b5452de0e%22:%91%22background_color%22%93}&#8221;][et_pb_row column_structure=&#8221;1_3,1_3,1_3&#8243; use_custom_gutter=&#8221;on&#8221; gutter_width=&#8221;1&#8243; make_equal=&#8221;on&#8221; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; width_tablet=&#8221;86%&#8221; width_phone=&#8221;87%&#8221; width_last_edited=&#8221;on|phone&#8221; max_width_tablet=&#8221;&#8221; max_width_phone=&#8221;&#8221; max_width_last_edited=&#8221;on|desktop&#8221; module_alignment=&#8221;center&#8221; custom_padding=&#8221;0px|0px|0px|0px|false|false&#8221; global_colors_info=&#8221;{}&#8221; custom_css_main_element_last_edited=&#8221;on|desktop&#8221; custom_css_main_element_phone=&#8221;display: flex;||gap: 24px;||flex-wrap: wrap;&#8221; custom_css_main_element_tablet=&#8221;display: flex;||flex-wrap: wrap !important;||align-items: stretch !important;&#8221;][et_pb_column type=&#8221;1_3&#8243; module_class=&#8221;repeaterNAVblock&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#FFFFFF&#8221; custom_padding=&#8221;32px|32px|34px|32px|false|true&#8221; custom_css_main_element=&#8221;display: flex;||flex-direction: column;||justify-content: flex-start;||margin-right: 24px !important;&#8221; global_colors_info=&#8221;{}&#8221; custom_css_main_element_last_edited=&#8221;on|phone&#8221; custom_css_main_element_tablet=&#8221;display: flex;||flex-direction: column;||justify-content: center;||width: 100% !important;||margin-bottom: 24px !important;&#8221; custom_css_main_element_phone=&#8221;display: flex;||flex-direction: column;||justify-content: center;||width: 100% !important;||margin-right: 0px !important;&#8221;][et_pb_text _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;c1401425-a19f-42b2-a0cb-6ac0dc2ffe1e&#8221; global_colors_info=&#8221;{%22gcid-cda0448a-5641-4dd1-8a62-1961108990d4%22:%91%22header_3_text_color%22,%22text_text_color%22%93}&#8221;]<\/p>\n<h3>New Hires<\/h3>\n<p>New to thyssenkrupp? You\u2019ll need to enroll for benefits. Go to <a href=\"https:\/\/mytkbenefits.com\/presta\/enrollment\/\">Enrollment<\/a> to get the information you need.[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; module_class=&#8221;repeaterNAVblock&#8221; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#FFFFFF&#8221; custom_padding=&#8221;32px|32px|34px|32px|false|true&#8221; background_color_tablet=&#8221;#FFFFFF&#8221; background_last_edited=&#8221;on|tablet&#8221; background_enable_color_tablet=&#8221;on&#8221; custom_css_main_element=&#8221;margin-right: 24px !important;&#8221; global_colors_info=&#8221;{}&#8221; custom_css_main_element_last_edited=&#8221;on|tablet&#8221; custom_css_main_element_tablet=&#8221;margin-right: 4% !important;||width: 48% !important;||display: flex;||flex-direction: column;&#8221; custom_css_main_element_phone=&#8221;width: 100% !important;&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;c1401425-a19f-42b2-a0cb-6ac0dc2ffe1e&#8221; global_colors_info=&#8221;{%22gcid-cda0448a-5641-4dd1-8a62-1961108990d4%22:%91%22header_3_text_color%22,%22text_text_color%22%93}&#8221;]<\/p>\n<h3>Resources<\/h3>\n<p>Access apps, videos, FAQs, forms, guides and other documents that help you understand your benefits.<\/p>\n<p>[\/et_pb_text][et_pb_button button_url=&#8221;https:\/\/mytkbenefits.com\/presta\/resources\/&#8221; button_text=&#8221;Learn More&#8221; module_class=&#8221;sm-button_icon_resize&#8221; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;3ef859d1-e334-45d8-a0d0-81b1f44f7bd4&#8243; button_icon=&#8221;&#xf061;||fa||900&#8243; custom_css_main_element=&#8221;line-height: 22px !important;&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; custom_css_after__hover_enabled=&#8221;on|hover&#8221; custom_css_after__hover=&#8221;margin-left: .4em !important;&#8221;][\/et_pb_button][et_pb_code _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<style><!-- [et_pb_line_break_holder] -->\/* Repeater nav block blunt borders *\/  <!-- [et_pb_line_break_holder] -->.repeaterNAVblock:after {<!-- [et_pb_line_break_holder] -->    content: \"\"; \/* must have *\/ <!-- [et_pb_line_break_holder] -->    display: block; \/* Puts the graphic on its own line. *\/<!-- [et_pb_line_break_holder] -->  position: absolute;<!-- [et_pb_line_break_holder] -->  top: 0;<!-- [et_pb_line_break_holder] -->    right: 0; \/* moves to the right *\/<!-- [et_pb_line_break_holder] -->    width: 80px; \/* length of the rule\/border. *\/<!-- [et_pb_line_break_holder] -->    padding-top: 0; \/* amount creates some space between the element and the border. *\/<!-- [et_pb_line_break_holder] -->    border-top: 8px solid #FFB400; \/* the border itself *\/<!-- [et_pb_line_break_holder] -->  z-index: 50;<!-- [et_pb_line_break_holder] -->}<!-- [et_pb_line_break_holder] -->.repeater_underline a:hover {<!-- [et_pb_line_break_holder] -->text-decoration: underline;<!-- [et_pb_line_break_holder] -->}<!-- [et_pb_line_break_holder] --><\/style>\n<p>[\/et_pb_code][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; module_class=&#8221;repeaterNAVblock&#8221; _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;default&#8221; background_color=&#8221;#FFFFFF&#8221; custom_padding=&#8221;32px|32px|34px|32px|false|true&#8221; custom_padding_tablet=&#8221;||34px||false|true&#8221; custom_padding_phone=&#8221;||34px||false|true&#8221; custom_padding_last_edited=&#8221;on|tablet&#8221; global_colors_info=&#8221;{}&#8221; custom_css_main_element_last_edited=&#8221;on|tablet&#8221; custom_css_main_element_tablet=&#8221;width: 48% !important;||display: flex;||flex-direction: column;||justify-content: center;||align-items: stretch !important;&#8221; custom_css_main_element_phone=&#8221;width: 100% !important;&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; _module_preset=&#8221;c1401425-a19f-42b2-a0cb-6ac0dc2ffe1e&#8221; global_colors_info=&#8221;{%22gcid-cda0448a-5641-4dd1-8a62-1961108990d4%22:%91%22header_3_text_color%22,%22text_text_color%22%93}&#8221;]<\/p>\n<h3>Retirement<\/h3>\n<p>It\u2019s never too early to start planning for retirement. With the thyssenkrupp 401(k) Plan, you can start saving now to reach your future retirement goals. Find out how to enroll, check your investments, make changes to your contribution rate, and update your beneficiaries.<\/p>\n<p>[\/et_pb_text][et_pb_button button_url=&#8221;https:\/\/mytkbenefits.com\/presta\/finance\/retirement-401k\/&#8221; button_text=&#8221;Learn More&#8221; module_class=&#8221;sm-button_icon_resize&#8221; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;3ef859d1-e334-45d8-a0d0-81b1f44f7bd4&#8243; button_icon=&#8221;&#xf061;||fa||900&#8243; custom_css_main_element=&#8221;line-height: 22px !important&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; custom_css_after__hover_enabled=&#8221;on|hover&#8221; custom_css_after__hover=&#8221;margin-left: .4em !important;&#8221;][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Want to save on taxes? Looking to set aside money for future medical expenses? Then the Health Savings Account (HSA) is for you. Paired with the medical Savings Plan, the HSA a way to pay for eligible medical expenses now or save for medical expenses in the future. Get reimbursed for out-of-pocket expenses not covered by any medical, prescription, dental, or vision plan.<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":608,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"dipi_cpt_category":[],"class_list":["post-605","page","type-page","status-publish","hentry"],"featured_image_src":null,"featured_image_src_square":null,"_links":{"self":[{"href":"https:\/\/mytkbenefits.com\/presta\/wp-json\/wp\/v2\/pages\/605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mytkbenefits.com\/presta\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/mytkbenefits.com\/presta\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/mytkbenefits.com\/presta\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/mytkbenefits.com\/presta\/wp-json\/wp\/v2\/comments?post=605"}],"version-history":[{"count":0,"href":"https:\/\/mytkbenefits.com\/presta\/wp-json\/wp\/v2\/pages\/605\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/mytkbenefits.com\/presta\/wp-json\/wp\/v2\/pages\/608"}],"wp:attachment":[{"href":"https:\/\/mytkbenefits.com\/presta\/wp-json\/wp\/v2\/media?parent=605"}],"wp:term":[{"taxonomy":"dipi_cpt_category","embeddable":true,"href":"https:\/\/mytkbenefits.com\/presta\/wp-json\/wp\/v2\/dipi_cpt_category?post=605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}