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.
Contributing to Your HSA
The table below shows the total contribution amounts. These amounts may change each year per the IRS.
2024 Annual HSA Contribution Amounts
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