Health
Savings Accounts (HSA)

You’re eligible for a Health Savings Account (HSA) if:

• You are enrolled in the HDHP medical plan.
• You are not covered by your spouse’s or parent’s non-HDHP.
• You or your spouse does not have a Healthcare Flexible Spending Account or Health Reimbursement Account.
• You are not eligible to be claimed as a dependent on someone else’s tax return.
• You are not enrolled in Medicare or TRICARE.
• You have not received Department of Veterans Affairs medical benefits in the past 90 days for non-service-related care. (Service-related care will not be taken into consideration.)

The HSA is administered by HealthEquity.

How the HSA works

• Make contributions: You can set aside pre-tax money through payroll deductions up to IRS limits. Lumexa Imaging also contributes to your HSA.
• Use your funds: Pay eligible medical, dental and vision expenses now or in the future. You can pay out-of-pocket and reimburse yourself from your HSA later or pay directly with an HSA debit card.
• Save your funds: The account is yours, even if you leave the company, and your funds will remain in your account accruing interest tax-free.

Use your HSA debit card to pay for qualified medical expenses — no need to submit receipts for reimbursement. Like a regular debit card, you must have a balance in your HSA account to use the card.

View a complete list of eligible expenses

Funding limits

The IRS sets an annual limit on the maximum amount that can be contributed to an HSA.

In 2027, the IRS limit is:

• $4,500 if you’re enrolled in employee-only medical coverage
• $9,000 if you cover dependents

If you’re age 55 or older by the end of 2027, you can contribute an additional $1,000 in catch-up contributions.

Lumexa Imaging contributes $1,000 to your HSA for both individual and family coverage, deposited at the end of January, or the month after you first enroll. These contributions count toward the IRS limit.

The chart below shows the annual HSA contribution provided and how much you can contribute.

How to enroll

You can enroll in an HSA during Open Enrollment through Employee Navigator , as a new hire, or if you have a qualifying life event.

When you enroll in the HDHP, you are automatically enrolled in the HSA. During enrollment, elect the HDHP medical plan, submit all HSA enrollment materials, and choose the amount to contribute on a pre-tax basis.

After completing enrollment:

• Lumexa Imaging will establish an HSA account in your name and submit your contribution once bank account information has been provided and verified.
• HealthEquity will issue you a debit card with direct access to your account balance.

Have an existing HSA? You may be able to roll over funds from another HSA. Contact HealthEquity for more information.

Taxes and excess contributions

HSA contributions are made through payroll deduction on a pre-tax basis. The money in your HSA (including interest and investment earnings) grows tax-free. When the funds are used for qualified medical expenses, they are spent tax-free.

If HSA funds are used for purposes other than qualified medical expenses and you are younger than age 65, you must pay federal income tax on the amount withdrawn, plus a 20% penalty tax.

If you’ve contributed too much to your HSA this year, you have two options:

1. Remove the excess contributions and the net income attributable to the excess contribution before you file your federal income tax return (including extensions). You’ll pay income taxes on the excess removed but won’t have to pay a penalty tax.
2. Leave the excess contributions in your HSA and pay 6% excise tax on them. Next year consider contributing less than the annual limit to your HSA.