Health Savings and Flexible Spending Accounts

Administered by HealthEquity

You are eligible to contribute to an HSA if you are enrolled in the Cigna HDHP.
You contribute pre-tax dollars through payroll, up to the IRS limit. McAfee matches your annual contribution.
Tax-free: no federal tax on contributions, or state tax in most states. Withdrawals are also tax-free as long as they are for eligible healthcare expenses.
No "use it or lose it." Your balance rolls over from year to year.
You own the account and can continue to use it even if you leave McAfee or retire.
You are not enrolled in other non-HDHP medical coverage, including Medicare, Medicaid or Tricare.
Due to IRS rules, you can't be claimed as a tax dependent on someone else's tax return.
You can't be enrolled in a healthcare Flexible Spending Account (FSA).

HSA Contribution Limits

Individual

Family

Age 55+

Employer Contribution

Employee Only Coverage

Employee + Spouse Coverage

Employee + Child(ren) Coverage

Employee + Family Coverage