Depending on how you use health care in a typical year, you could save money by enrolling in an HSA Plan, with a Health Savings Account (HSA). Here is a flyer with more information. These plans let you save the money you would otherwise pay in contributions for coverage in a tax-advantaged account you can use for current or future health care expenses—even after you retire.
Watch this video introduction to the HSA Plans.
You make pre-tax contributions through payroll deduction. The maximum annual contribution for 2019 is $3,500 for employee only coverage, and $7,000 for all other coverage tiers (plus an extra $1,000 if you are age 55 or older). The maximum annual contribution for 2020 is $3,550 for an individual and $7,100 for a family.
If you enroll in the HSA Gold Plan, these maximums include the contributions made by Veolia into your Health Savings Account (for more information on the HSA Gold Plan, please refer to the link “Learn About Your Medical Plan Options“.
If you enroll in the HSA Gold Plan, Veolia contributes money to your health savings account just for enrolling and opening it. You don’t even need to contribute your own money to receive the contribution from Veolia.
You can find more information regarding Health Savings Accounts:
The HSA accounts at Veolia North America are administered by ConnectYourCare. If you’re new to the HSA, you first must register with ConnectYourCare.
If you enroll in either Veolia’s HSA Gold or HSA Silver medical plan and would like to transfer your current HSA to ConnectYourCare, please fill out this HSA Transfer Request form. Per the instructions on the first page, you will mail the completed form to ConnectYourCare at the address provided.
Please note that the transfer may take up to 4-6 weeks to process, as some banks have a 30-day window to release funds before mailing the check to ConnectYourCare.
Once your HSA account balance has reached more than $1,000, you are eligible to open an investment account with your funds. The HSA Academy from ConnectYourCare educates you on how to start and manage your HSA Account.
Please contact ConnectYourCare Customer Service at (844) 609-1806 or online at connectyourcare.com/veolianorthamerica.