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. 

Woodgrain Annual Contributions

Single Member	$520
Two or More	$1,040
Family	$1,560

​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?

1. Save on taxes - You pay no taxes on the money you put in, take out, or earn in your HSA.
2. The money never expires - The money in your HSA is yours and carries over from year-to-year. Even if you change jobs or switch health plans, you own your HSA and all the money in it. 
3. Use it for your family - You can use your HSA to pay for qualified expenses for yourself, spouse, or dependents even if they are not covered by your health plan.
4. It's more than a spending account - Even if you don't spend much on healthcare, an HSA can still be useful. Save or invest your HSA funds so the money is there when you need it.
5. Flexibility - Allows you to save money by considering multiple options and being a wiser consumer of healthcare. 

New to Healthcare? Click Here

Frequently Asked Questions

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IRS 2020 - 2021 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.

• Doctor, hospital, and surgery costs
• Prescription medicines
• Denal care and braces
• Eye exams and surgery
• Glasses and contacts
• Mental health care
• Acupuncture, chiropractic, and physical therapy
• Medical supplies
• Fertility treatment
• And more!

For a detailed list of of qualified medical expenses, click here.

For a more in depth look at HSA benefits available to Woodgrain employees, see our full medical benefits policy here.

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MEDICAL BENEFITS

DENTAL BENEFITS

VISION BENEFITS

HSA BENEFITS

401(K) BENEFITS

OTHER BENEFITS