tennisguru

You have to earn the money through Delta Health Rewards. Basically you and your spouse get bloodwork done for the majority of the money (you have to hit certain cholesterol/bmi/etc targets). Plus there's other things as well all laid out on the website. Any money Delta contributes goes towards your family max contribution, not on top.

PilotWombat

In essence, you lose it.

First, Delta requires you to do stuff to get the money. Things like what your wife did. Fill out the health survey (by the way, nothing says you have to be truthful on the survey, just that you have to complete it...), watch a couple videos, do an annual physical, be healthy or do things to get healthier, etc etc. Details at werally.com or via myuhc.com -> Health Resources -> View Your Program.

Second, the IRS sets the contribution limits, which are yours + company's. The limit is $7200 family in 2021, plus $1000 each for both your and your spouse that are over 55 yo. It's up to you to make sure you put in the correct amount. Some programs will cap your contributions at the annual max, but most programs will let you put in as much as you want. Since they don't know how much you may or may not be contributing to another HSA account, they just assume you're doing it correctly. If you + company over contributes, you'll end up paying taxes + penalties at tax time.

Unlike everything else, you can change your per-paycheck HSA contribution anytime on DeltaNet -> Self Service -> Benefits Direct -> Life Events -> HSA Contribution Change.

Buck Rogers

Thanks, yea rings a bell. I always front load it and as the year goes by I (my wife) gets nasty grams about being overfunded as we(she) tackles those tasks.

Appreciate the crib sheet. “Cooperate and graduate”

GogglesPisano

I think Alex will answer all of your questions. Open Enrollment website.

Falcon20

As a retiree I have found it generally easy. They give you a debit card for use on prescriptions if you get them off base.

Once you have enough reimbursement to make it worth you while you submit your claim for the FSA on line. They just need the medical and/or dental EOB. Money is directly deposited into your account.

Planetrain

Just a thought, but the premiums difference between DPMP and Gold for a family is $4200/yr. Add in the $2200 in DHR and you’re at $6400. Put those dollars in the HSA and after 1 year you could cover almost the entire out of pocket max for the Gold HSA. If you never put another dollar in the HSA, every year thereafter would save you $4200/yr for basically the same out-of-pocket, assuming you’re family is generally healthy. (The perpetual $2200/yr DHR for years 2,3,4, etc should more than pay for any out of pocket for a generally healthy family without even touching your original $4200 contribution).

buckleyboy

Thanks, Falcon. Must it be an EOB, or will a statement or receipt suffice? I’m thinking of certain things that Tricare does not cover—eg, certain therapies for special needs children, chiropractic visits, reputable therapeutic massages, etc.

nene

No EOB is not required, that is only for copays or to prove that something wasn't already covered by insurance. A receipt suffices for things like glasses, or over the counter products and possibly even irreputable massages can be covered. If you get dental or doctor appt copays though, they want to see an EOB to see what part you were responsible for. What's also nice is you can save say $50 per pay check ($1300 annually) and you can claim expenses when they happen even if you get ahead of the deductions, although you can only roll over $500 (not sure of current amount, that was from a couple of years ago) from one year to the next so don't over "save".

Denny Crane

I don’t think this is right. It’s contributed to your HSA. If it takes you over the max allowable then you have to request the money back from your HSA. You don’t lose it.

Denny

Buck Rogers

Because I am so lacking in deets, I was hesitant to chime in. However I am 99% certain that even though you over contribute, if u withdraw the overage funds prior to Dec31(could be tax filing deadline) But I overcontribute every year and have never paid a penalty

If I think the market is going up, I get it in ASAP( first paycheck). If unsure or waffling , the I dollar cost average. After Covid....all beta are off as far as "timing shiznit"