Health Savings Account

Through Health Equity, we offer a Health Savings Account (HSA) to help you save money on out-of-pocket expenses that you and your family incur during the calendar year.

If you enroll in the High-Deductible Health Plan (HDHP), you’re eligible to open and contribute money to a tax-free Health Savings Account (HSA). Contribute to an HSA and offset your out-of-pocket expenses with pre-tax dollars.

How an HSA Works

Triple Tax Savings with HSA

Company Contributions
Owens & Minor will match your HSA contributions up to the following threshold amounts:

• Teammate only: $300
• Teammate + Spouse/Domestic Partner/Child(ren): $425
• Family: $600

Company contributions will be determined by multiple factors. The match amount will be paid out incrementally each pay period and prorated upon hire.

HSA Restrictions

• You may not open an HSA if you or your spouse is enrolled in a Health Care Flexible Spending Account.
• State taxes apply to contributions by residents of California, Alabama, and New Jersey.
• You can’t have coverage through another non-HDHP, such as Medicare or a spouse’s plan.
• The penalty for using your HSA for ineligible expenses is 20% of the reimbursed amount.
• You can’t contribute to your HSA if you’re no longer enrolled in an HDHP.
• Funds may not be used to reimburse the expenses of your domestic partner or their children.