An HSA is a tax-advantaged savings account that belongs to you and is a perfect complement to our Health Advantage Plus plan. This added benefit will put dollars in your pocket that you can use to pay for health expenses. Woodgrain will contribute to your HSA, and you can also have your own pretax contributions deposited to your HSA each pay period. This is an excellent way to save for future medical expenses.
Your HSA will be managed through Health Equity. After receiving your HSA debit card, you can sign into your account by visiting www.myHealthEquity.com.
Your HSA will be managed through Health Equity. After receiving your HSA debit card, you can sign into your account by visiting www.myHealthEquity.com.
Woodgrain Annual Contributions
How it Works Contributions are made to your HSA account every pay period and can be accessed using your personal HSA debit card. For a step by step layout of what to expect at a doctor's visit or the pharmacy, click here. Find out more about how an HSA works with Medicare or Military benefits. |
Why an HSA?
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IRS 2021 - 2022 HSA Limits
The IRS places limits on how much you can contribute to your HSA each year. Below are the current limits established by the IRS. |
What Expenses are Qualified?
To make sure that you are getting the most out of your HSA you should be using it to cover as many health expenses as possible. Here are some examples of ways you can use your HSA funds.
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For a more in depth look at HSA benefits available to Woodgrain employees, see our full medical benefits policy here.