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​​​​​​​HSA - Health Savings Account​

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 HSA Information
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If you enroll in a High Deductible health plan (HDHP), you are eligible to enroll in a Health Savings Account (HSA).

Bronson partners with BenefitWallet as the HSA administrator. An HSA allows you to set aside pre-tax dollars for current and future health expenses.

How Does the HSA Work?

After you enroll in a Bronson HDHP, you will receive a welcome packet in the mail. Return the paperwork to BenefitWallet to receive an HSA debit card. An account will automatically be set up for you with BenefitWallet. You may contribute pre-tax money to your HSA through payroll deductions and also can make after-tax deposits on your own.

Each year the balance in your HSA rolls over and can be saved for future expenses. After your account balance is greater than $1,500, you have the option to invest in a variety of mutual funds. You may change your HSA contribution amount at any time in the year within Workday.​


HSA How It Works.png  

Contributing to Your HSA

The table below shows the total contribution amounts. These amounts may change each year per the IRS.

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​​2024 Annual HSA Contribution Amounts​
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Type
  
Name
  
2024 HSA Investments.pdf
  
2024 HSA Overview.pdf
  
2024 HSA Save.pdf
  
2024 Reduce Healthcare Costs with HSA.pdf
  
URL
  
Notes
  
  
  
  
  
View this short video from ALEX about HSA.
  
Benefit Wallet is Bronson's HSA provider.
  
View this short video to learn the difference between a FSA and HSA to decide which is best for you.
  
Learn the basics about what an HSA is and how much you can save by having one.
  
The IRS determines what you can and cannot use your pre-tax HSA funds on.
  
View this short video from ALEX about using your HSA to save for retirement.
  
View this short video from ALEX to see what you can use HSA funds on.
  
Review this short video from ALEX to understand what an HSA is and how it can benefit you.

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