Note: Mission Increase is annually funding the HSA bank account based on your medical plan enrollment as follows:
- Silver HSA 3500 Plan: $2,500 per Individual | $5,000 per Family.
- Silver HSA 4000 Plan: $2,500 per Individual | $4,500 per Family.
- Bronze HSA 5000 Plan: $3,000 per Individual | $6,000 per Family.
Note: 2018/2019 IRS Maximum Contribution and Out-of-Pocket Limits for Health Savings Accounts (HSAs) and High Deductible Health Plans (HDHPs) are as follows:
HSA Annual Maximum Contributions:
- Individual: $3,450 (2018) / $3,500 (2019)
- Family: $6,900 (2018) / $7,000 (2019)
- HSA Catch-Up Contributions (Age 55 or Older): An additional annual amount of $1,000 can be contributed to the HSA Annual Maximum Contributions.
HDHP Minimum Deductible Amounts:
- Individual: $1,350 (2018) / $1,350 (2019)
- Family: $2,700 (2018) / $2,700 (2019)
HDHP Maximum Out-of-Pocket Amounts (Deductibles, Co-payments, and other amounts, but not premiums):
- Individual: $6,650 (2018) / $6,750 (2019)
- Family: $13,300 (2018) / $13,500 (2019)
Note: Please specify your election in an "Annual" amount. The Maximum Annual Election you are Allowed after Mission Increase's Annual Contribution and based on the HSA medical plan you are enrolled under is as follows:
- Silver HSA 3500 Plan: $1,000 per Individual | $2,000 per Family.
- Silver HSA 4000 Plan: $1,000 per Individual | $2,500 per Family.
- Bronze HSA 5000 Plan: $500 per Individual | $1,000 per Family.