Health Savings Account
If you’re enrolled in the Consumer Choice medical plan, you have a health savings account (HSA). Together, you and Disney contribute funds to your HSA for you to spend on qualified medical, dental, and vision expenses. An IRS annual maximum applies to all contributions—yours and Disney’s combined.
Disney contributes $500 to your HSA if you’re only covering yourself and $1,000 if you also cover your spouse or children. You can choose to make additional contributions to your HSA, up to an annual maximum of $3,350 (single coverage) or $6,750 (family coverage). If you’re age 55 or older, your annual maximum contribution is $1,000 higher.
There are three big tax benefits to an HSA:
- Your contributions are deducted from your paycheck on a pretax basis.
- You don’t pay taxes when you use the funds.
- Investment gains in your HSA aren’t taxed.
Funds in your HSA don’t expire. You can use them to pay for eligible medical, prescription drug, dental, and vision expenses this year, next year, or 20 years from now. The choice is yours.
Your HSA is administered by Optum Bank. Sign in to your Optum Bank account to learn more.