Plan Details

As a part of the High Deductible Health Plan, CHAMBLISS, BAHNER & STOPHEL offers a Health Savings Account.  A Health Savings Account or HSA is a savings that allows you to set money aside to pay for future medical, dental and vision expenses. An individual may defer up to $4,150 and a family may defer up to $8,300.  If you are over the age of 55 or will turn 55 during this calendar year, the IRS allows you to contribute an extra $1,000 to your HSA.  If you and your spouse both have Individual HSA’s, the same over 55 rule applies.

Your contributions to the HSA will be payroll deducted and the funds deposited into a HSA account. When a qualified expense is incurred, you use your Health Savings Account debit card or request reimbursement for the expense. Unused account dollars are yours to keep, even if you retire or leave the company. ​

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Note: Limited Purpose FSAs may be used to pay for Dental and Vision expenses only. You may combine a Limited Purpose FSA with your HSA account, but you may not combine a Healthcare FSA (used for Medical, Dental and Vision expenses) with your HSA.