Page History
...
Overview
A Health Savings Account (HSA) , often called an HSA, is a debit account that can be opened if you are part of a medical insurance plan through type of bank account specifically for individuals covered by high deductible plans, like those offered by Reliant. You can contribute to this plan tax-free, and the annual amount contributed to HSA is reported to the IRS each year with your tax return. The HSA funds go into a new bank account set up for you by Highmark (our preferred vendor). This HSA account and funds belongs to you even beyond your employment with Reliant. The funds can be used for any legitimate medical expenses at any time in the future. You can pay for qualified health expenses now, as well as pay for future health expenses on a tax-advantaged basis. The funds in this HSA belong to you even beyond your employment with Reliant.
How do contributions get directed to my HSA?
Contributing to an HSA
Once you have enrolled in a Guidestone Health Saver plan, you will be able to set up an HSA through the Highmark website. Once you send confirmation to benefits@reliant.org that your HSA has been opened, Reliant will make the monthly contributions for you automatically. There are two portions There are two portion of the contributions that Reliant helps direct to your HSA each month:
- Employer Contribution ("ER" contribution) Contribution - ER
- This contribution comes from non-MTD Reliant funds. Reliant leadership sets the Employer contribution rate each year, and it is the same for all missionaries. Current contribution rates can be found in the table below.
- This contribution is not deducted from your paycheck.
- Employee Contribution ("EE" contribution)Contribution - EE
- This contribution comes from your paycheck each month.
- You determine how much you will save.
This contribution is part of the Cafeteria Plan offerings from Reliant. It must be selected each year at Open Enrollment time. You do have the ability to change, add, or drop a HSA election by filling out an updated cafeteria plan form. In 2020, Reliant is offering a taxable ministry expense bonus that you can use to increase your personal HSA contributions. There is line item in your support goal to accept an optional bonus (paid as part of your monthly ME bonus on payday) that you can use to increase your personal HSA contributions through your paychecks. You will need to accept the ME bonus on your support goal and then sign up in Open Enrollment for a HSA contribution as part of the cafeteria plan. This is depicted in the yellow column. Reliant will then deposit the employee contributions from your paychecks along with the Reliant employer HSA contribution in to your HSA account each month, after payday
.
.
| Note |
|---|
Contributions that Reliant sends to our HSA provider may take up to 5 business days from the date of the pay day to be available for use. Funds may appear on the Highmark site prior to that date, however it's possible there may be an additional delay in accessing those funds for debit card purchases. |
...
All plans
Contribution amounts
Coverage Level | ER Contribution |
|---|
...
-MTD accounts | Ministry Expense Bonus for EE |
|---|
...
Contribution | ||
|---|---|---|
| Employee | $25 | $25 |
| Employee + Spouse |
...
| Employee + child(ren) | $50 | $50 |
Family | $75 | $100 |
FAQ:
| UI Expand | ||
|---|---|---|
| ||
| See instructions for setting up HSA account on this Solomon page: How to Set Up Your Coverage Account on HighmarkBCBS.com. After you have opened your HSA, PNC will provide a Highmark BCBS personal debit card(s) to use to pay for any qualified health expenses. If needed, you may also pay for qualified health expenses personally and reimburse them later from your HSA spending account. |
| UI Expand | ||
|---|---|---|
| ||
| Yes. Any contributions to your HSA are yours to keep to use for qualified medical expenses even should you exit employment with Reliant. |
...
| Acclaris Contact Information | |
|---|---|
| Website | www.highmarkbcbs.com |
| Phone | 1-866-472-0924 |
| TTY | 1-800-452-8086 |
| Mailing Address | PO BOX 25101 Lehigh Valley, PA 18022-5101 |
Resources
...
