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Principal Healthcare Savings Account
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by Nadine Spindler on Jul 24, 2008 - 02:46 PM read 340 times
 

 The HSA only applies to those enrolled with the Base Medical Plan

What is a Healthcare Savings Account?

  • An HSA allows you to pay for eligible medical expenses on a pre-tax basis AND save for your future.
  • nGenera will contribute $750 annually
  • Deposits to your HSA will be made on a monthly basis - $62.50 per month
  • Employees are also encourage to contribute through payroll deductions - Pre Tax

http://www.principal.com/hsaenrollment/hsa_intro.swf

Maximum annual employee contribution to HSA for 2008:

  • 2,900 if you have individual coverage
  • 5,800 if you have family coverage

A Limited Flexible Spending Account may still be elected to pay for vision, dental, and all other eligible expenses with pre-tax funds.

If you already have a Principal HSA account, you do not need to re-enroll.

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