Administered by AleraPay (powered by AleraEdge)
If you enroll in one of the Alera Group High Deductible Health Plan (HDHP) medical plan options, you can open a tax-advantaged Health Savings Account (HSA). You can use the HSA funds for medical, dental or vision expenses, including coinsurance costs, prescriptions, glasses, orthodontia or more — now or in the future.
Alera Group will automatically contribute money to your HSA to boost your savings. You can also contribute to your HSA up to the annual IRS limits (see chart below). You can elect/change your contributions at any time.
Once enrolled, you will receive instructions on how to activate your account.
An HSA gives you triple tax savings — you do not pay federal tax on:
- Contributions to the account
- Spending on qualified expenses
- Interest that accrues
An HSA is a great way to save for the future!
- Set aside money from each paycheck now, leaving funds available for potential future healthcare expenses.
- Your HSA contributions, Alera Group’s contributions and interest earned is your money and always yours to keep even if you change medical plans or leave Alera Group in the future.
- Your HSA balance rolls over each year and accrues interest, so you won’t lose your contributions.
- Once your account balance reaches $2,000, you may move any balance above that amount into mutual funds and direct your investment strategy. Any fees associated with directed investments are your responsibility.
HSA Contributions and Limits
Each year, you can contribute up to the IRS annual limit for HSAs. This includes Alera Group’s contribution, which is funded to your account on January 1. If you are age 55 or older during the calendar year, you can contribute an additional $1,000 as an annual catch-up contribution.
| IMPORTANT! It is your responsibility to ensure the total of your contributions under a previous plan, the Alera Group contribution, and your contributions as an Alera Group colleague do not exceed the annual IRS contribution limit. |
2025 Contributions and Limits
| Alera Group Contribution | Your Contribution | Total IRS Contribution Limit | |
|---|---|---|---|
| $3,300 HDHP and Kaiser HDHP | |||
| Individual | $500 | Up to $3,800 | Up to $4,300 |
| Family | $1,000 | Up to $7,550 | Up to $8,550 |
| $6,000 HDHP | |||
| Individual | $1,000 | Up to $3,300 | Up to $4,300 |
| Family | $2,000 | Up to $6,550 | Up to $8,550 |
2024 Contributions and Limits
| Alera Group Contribution | Your Contribution | Total IRS Contribution Limit | |
|---|---|---|---|
| $3,200 HDHP and Kaiser HDHP | |||
| Individual | $500 | Up to $3,650 | Up to $4,150 |
| Family | $1,000 | Up to $7,300 | Up to $8,300 |
| $6,000 HDHP | |||
| Individual | $1,000 | Up to $3,150 | Up to $4,150 |
| Family | $2,000 | Up to $6,300 | Up to $8,300 |
Who Can Open an HSA
You can contribute to an HSA if you:
- Are covered under an HSA-qualified HDHP.
- Are not covered by any other health insurance.
- Are not enrolled in Medicare,* TRICARE or TRICARE for Life.
- Cannot be claimed as a dependent on someone else’s tax return.
- Have only received Veterans Affairs (VA) benefits for service-related disabilities.
- Or your spouse does not contribute to a Health Care FSA (other than a Limited Purpose Health Care FSA).
- Are not eligible for reimbursement from a Health Care FSA (other than a Limited Purpose Health Care FSA).
*Enrollment in Medicare Part A may be retroactive by up to six months when you start Social Security retirement benefits after reaching your Social Security Normal Retirement Age (SSNRA). This may affect your HSA eligibility.
Additional HSA Details
- HSA funds can only be used for yourself, your spouse and your tax dependents.
- Although you can enroll your domestic partner and your children up to age 26 in your medical coverage, expenses for dependents who do not also qualify as tax dependents are not reimbursable under the HSA.
Other restrictions and exceptions may also apply. For details, refer to the IRS Publication 969.
