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Health Saving Account (HSA)

A Health Savings Account (HSA) combines high deductible health insurance with a tax-favored savings account. Money in the savings account can help pay the deductible. And money left in the savings account earns interest and is yours to keep.

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For 2025, you can contribute up to $4,300 as a single and $8,550 if you enroll as a family. Additionally, if you are age 55 or older, you are eligible to make a catch-up contribution of $1,000.

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You may elect to change your contribution amount at any time throughout the year!

For 2024-25, Tel Hai will make a dollar-for-dollar match of up to $15 per pay if you contribute to the HSA. Also, if you enroll in the Base Plan for the first time, Tel Hai will make a one-time HSA contribution of $300. Here is a list of common HSA eligible expenses. 

Your Benefits Advocate

YOUR RIGHTWAY ADVOCATE IS READY TO:

 

  • Help you understand your health care benefits

  • Assist with claims & billing issues

  • Help you find in-network providers

  • Verify coverage

  • Clarify prescription drugs

 

​CONTACT RIGHTWAY

1-833-689-0570

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© Tel Hai Retirement Community. All rights reserved.

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