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- Employer 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 based on their coverage level. Current contribution rates can be found in the table below.
- This contribution is not deducted from your paycheck.
- This contribution does count towards the Annual Contribution Limits for your HSA.
- Employee Contribution - EE
- This contribution comes is deducted from your paycheck each month.
- You determine how much you will save. Please reference Annual Contribution Limits when calculating your desired contribution.
Reliant will then deposit the employee contributions from your paychecks along with the Reliant employer contribution in to your HSA.
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
Beginning in 2020, Reliant is offering a taxable ministry expense bonus that you can use be used 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.
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Contributions that Reliant sends to our HSA provider may take up to 5 business 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 , but there may be an additional delay in accessing those funds for debit card purchases. |
Medicare Enrollment Restrictions that affect HSA Contributions
Upon reaching Age 65, if you decide to delay enrolling in Medicare, you must notify Reliant with your expected enrollment date at least 6 months prior to enrolling in Medicare so that we can cease your HSA contributions. This is because when you enroll in Medicare Part A, you receive up to six months of retroactive coverage, not going back farther than your initial month of eligibility. If you do not stop HSA contributions at least six months before Medicare enrollment, you may incur a tax penalty.
Contribution amounts
Coverage Level | ER Contribution | Ministry Expense Bonus for EE Contribution |
|---|---|---|
| Employee | $25 | $25 |
| Employee + Spouse Employee + child(ren) | $50 | $50 |
Family | $75 | $100 |
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| For more HSA answers, see www.highmarkbcbs-hsa.com or Guidestone HSA FAQs. |
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Lehigh Valley, PA 18022-5101
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