When you enroll in the PPO 1500, PPO 5000, EPO 2000 or Kaiser CA HMO 2000, you can open a Health Savings Account (HSA) with HealthEquity which is funded by you. An HSA is a tax-free savings account* that works with a qualified health plan to help you pay your plan deductible and qualified out-of-pocket healthcare expenses. Refer to IRS Publication 502 for a complete list of eligible expenses.

* State taxes apply in AL, CA and NJ.

It’s flexible. Use the money now to pay for eligible medical expenses. Or, save it for your future health care needs and let the balance grow.

There’s no “use it or lose it rule.” An HSA has no “use it or lose it” feature like the Health Care Flexible Spending Account, so your account balance rolls over each year.

The money is yours to keep—forever. That’s right. You can take your HSA with you if you leave Ensign or when you retire.

When you elect the PPO 1500, PPO 5000, EPO 2000 or Kaiser CA HMO 2000, you are also eligible to elect a Health Savings Account. There are a few restrictions that apply to HSAs:

  • You are not covered by other health insurance
  • You are not enrolled in Medicare Part A or B
  • You are not listed as a dependent on someone else’s tax return
  • You cannot participate in Ensign’s Health Care Flexible Spending Account (FSA)
  • Your spouse cannot be enrolled in a Health Care Flexible Spending Account through his or her employer.

In 2019, the HSA limit (the amount you contribute) is $3,500 for employee only and $7,000 for family. If you are age 55 or older in 2019, you can contribute an additional $1,000 into your HSA.

The following administration fees apply to a Health Savings Account administered by HealthEquity:

Account balance over $2,500

  • Monthly administration fee: Free
  • Electronic statement fee (if enrolled): Free
  • Paper statement fee: $1.00 per statement
  • Account closure fee: $25

Account balance under $2,500

  • Monthly administration fee: $3.95 monthly
  • Electronic statement fee (if enrolled): Free
  • Paper statement fee: $1.00 per statement
  • Account closure fee: $25

To update your account settings, log in to your HealthEquity account at http://www.healthequity.com. From the My Account tab, select Profile, then Profile Details. In the Electronic Records section, select Edit/Update to enroll in electronic statements. If you are still enrolled in an HSA-qualified health plan and have not contributed the maximum allowed by the IRS this year, you may make an HSA contribtuion to rais your balance over $2,500 and eliminate the monthly administration fee.

If you have any questions, contact HealthEquity at 866-346-5800.

Yes. The money in your HSA can be used to pay for eligible health care expenses of any family member who qualifies as a dependent on your income tax returns.

You own your HSA and it stays with you when your employment ends. If you take a new job at another company or retire but do not have coverage under an HSA-eligible medical plan, you can still use your HSA to pay for qualified medical expenses. Keep in mind, IRS rules do not allow you to deposit money into the HSA and receive tax benefits if you are not currently enrolled in an HSA-eligible medical plan.

Beginning January 1, 2019 you’ll be able to invest any cash balance over $1,000 into the Investor Choice fund lineup of low cost mutual funds. Other than the monthly investment administration fee and the respective mutual fund expense ratio, there are no trading costs, commissions or fund minimums. All capital gains earned on investments are tax-free! Read more in the Investing Your HSA Brochure.

Do You Have a Personal HSA?

If you own a personal HSA today, you can still open an HSA with HealthEquity. Be aware that the total amount you contribute to both accounts cannot exceed the 2019 contribution maximum: $3,500 for employee only or $7,000 for family.

HealthEquity Helps You Get the Most from Your HSA

Rely on HealthEquity Member Services and online resources to get the most from your HSA, find comparative pricing on prescriptions and medical services, research diseases, and more.

HomeEquity Welcome Kit—complete instructions about your HSA will be mailed to you after you enroll.

Live service 24/7/365—get the same service at 2 am or 2 pm from knowledgeable, US-based HealthEquity Member Services specialists.

Easy-to-use online account access—access claims, pay bills, get reimbursements, and more—all from a single, easy-to-use online portal. Blue Shield claims information is integrated with your online HSA information.

HealthEquity educational and informational resources—view videos, use interactive tools including a contribution calculator, access links to other useful websites.