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Home > Health Savings Account
Health Savings Accounts (“HSAs”) are Associate owned savings accounts that allow Associates to set aside money on a pre-tax basis to pay for qualified expenses. The accounts are available through Heartland Bank.
Associates enrolled in either the HSA Plus or the HSA Basic plan are eligible to open an HSA. Associates must complete an application to set up their HSA account. Completed applications should be returned to the Payroll and Benefits department at payroll@fischerhomes.com.
Fischer Homes contributes to Associate HSA accounts with each paycheck – helping you save for the future and making it easier to meet the deductible for your health care plan. Fischer Homes makes this contribution even if you do not contribute to the account. The table below shows the Fischer Homes contribution for each plan and coverage level.
| Bi-Weekly | Annual | |||
| HSA Plus | HSA Basic | HSA Plus | HSA Basic | |
|---|---|---|---|---|
| Associate Only | $30 | $45 | $720 | $1,080 |
| Associate Plus Spouse | $50 | $65 | $1,200 | $1,560 |
| Associate Plus Child(ren) | $40 | $60 | $960 | $1,440 |
| Family | $55 | $85 | $1,320 | $2,040 |
Annually, the IRS establishes contribution limits for HSA accounts. The total of your contributions plus the Fischer Homes company contribution cannot exceed this amount.
| Coverage | Limit |
|---|---|
| Associate Only | $4,150 |
| Associate + Child(ren) or Family | $8,300 |
Associates age 55 and older can contribute an additional $1,000 annually.
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