With the Atrium Health Floyd health plans, teammates have the opportunity to save pretax funds in savings and spending accounts per eligibility requirements.
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The HSA is yours to save for current and future healthcare-related expenses, such as your deductible, coinsurance and prescription medications. Your HSA is an important component of retirement savings. Teammates can make direct contributions to this account from their paycheck. For participants in the Choice Plan with an active HSA, LiveWELL Incentives will be deposited into the HSA.
To access and monitor your account(s):
1. Log in at Bank of America
2. Access via the Bank of America HSA mobile app
If you have any questions about your account(s), call Bank of America at 866-731-4206.
The maximum IRS contribution for the year includes the sum of all teammate and employer contributions. Teammates age 55 or older are allowed an additional “catch-up” contribution of $1,000.
Here’s what you need to know:
Remember, preventive care, labs and most preventive medications are covered 100% - you do not pay for preventive care (Please note, that some services are not covered when Out of Network.)
Your Health Savings Account (HSA) is the key to the Health Savings Plan – you can build your savings
To help fund your account, members of the Choice Plan with HSAwill receive an annual contribution, called seed:
Members of the Choice Plan with an active HSA can also earn LiveWELL incentive contributions to their HSA by engaging in healthy lifestyle activities. See the chart below for details. If you are a member of the Choice Plan but did not elect an HSA, you will be included in prize drawings three times a year but are not eligible for financial incentives.
LiveWELL is the Atrium Health teammate well-being program. For more information, visit LiveWELL
Teammate Contributions to Meet IRS Maximum
*Calculation assumes teammate contributions begin the first pay period in January
Medicare and Your Health Savings Account
Atrium Health Floyd Health Plan participants should contact Medicare 6 to 12 months prior to turning age 65 to learn about options for healthcare coverage and rules for contributing to a Health Savings Account when Medicare eligible.
Questions about Medicare
For help in understanding how Medicare and your healthcare costs may fit into your overall retirement goals, call the Seniors’ Health Insurance Information Program (Georgia Cares) at 866-552-4464. Teammates can also call the Social Security Administration depending on where they live:
Seniors’ Health Insurance Program (Georgia Cares) Details
The LPFSA allows teammates to set aside additional pretax dollars to help pay for planned, qualified dental and vision expenses that occur during a 12-month period. This account is use it or lose it.
IRS Maximum Contribution: $3,050.
The FSA allows teammates to set aside additional pretax dollars to help pay for planned, qualified medical, dental and vision expenses that occur during a 12-month period. This account is use it or lose it.
IRS Maximum Contribution: $3,050.
2024 Flexible Spending Accounts will be administered by Bank of America. Plan rules are listed below:
