ConnectiCare® HSA Solution
HSA Tax Advantages
State taxes may vary. Consult your tax advisor.
HSA Annual Contribution Limits
How does the ConnectiCare HSA Solution work?
To join the ConnectiCare HMO HSA-Compatible Plan, complete the Enrollment/Change Form and any additional forms provided in your Enrollment Kit. Once you have filled in all sections of the Enrollment/Change Form, make sure to sign and date the bottom of page 1, follow the instructions on page 2, and then return the form and any required attachments to your Employee Benefits Administrator.
Once you are enrolled in the HMO HSA-Compatible Plan, you may be eligible to open an individual Health Savings Account (HSA). Review the Summary Plan Document or ask your Employee Benefits Administrator for more details about HSA eligibility and enrollment procedures. To learn more about HSA enrollment, click here.
Funding your HSA is an important way to ensure that you have money available for out-of-pocket medical expenses incurred before the HDHP deductible is reached. You can use the money in your HSA tax-free for any IRS-qualified medical expenses. State taxes may vary. Qualified expenses may include co-pays, coinsurance, deductibles, certain prescriptions, long-term care, COBRA premiums, and many other services and treatments. For a partial list, use the HSA Quick Expense Qualifier tool.
ConnectiCare is an industry leader in health management programs. Our HMO HSA-Compatible Plan covers certain in-network preventive care services before the HDHP deductible is reached. Taking advantage of the preventive care benefits and the ConnectiCare Touchpoints wellness programs can help maximize the value of your ConnectiCare HSA Solution.
Coverage is provided by and services are administered as follows: In Connecticut: Group HMO and POS coverage, and Individual HMO is underwritten by ConnectiCare, Inc.; Individual POS is underwritten by ConnectiCare Insurance Company, Inc. In Massachusetts: Group HMO and POS coverage is underwritten by ConnectiCare of Massachusetts, Inc. FlexPOS, PPO coverage, ASO/Self funded services are administered or underwritten by ConnectiCare Insurance Company, Inc. Click here for more details about our HSA Plans.
This site offers information drawn from sources that are believed to be reliable, but it cannot be guaranteed as to completeness or accuracy. The content is not intended to be, and should not be relied upon as, tax, legal, financial, or health care advice.
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