Savings and Spending Accounts
Through HealthEquity we offer Health Savings Account (HSA) and Flexible Spending Accounts (FSAs) to help you save money on out-of-pocket expenses that you and your family incur during the calendar year.
There are several types of accounts that help reduce your taxable income when paying for eligible expenses for yourself, your
spouse and eligible dependents.
Health Savings Account
If you are enrolled in the High Deductible Health Plan, you’re eligible to open and contribute money to a tax-free Health Savings Account (HSA) through our plan administrator, HealthEquity. Contribute to an HSA and offset your out-of-pocket expenses with pretax dollars.
2023 HSA Carryover
Owens and Minor teammates: You will have the option to transfer your unused 2023 HSA funds from WEX (2023 carrier) to Health Equity (2024 carrier). Additional information will be provided soon.
Apria teammates: Unused 2023 funds in your Health Equity account will carry over automatically. There is no further action
required on your part.
HSA Maximum Contribution Limits
(includes company match)
• $4,150 for teammate only coverage
• $8,300 for family coverage
• $1,000 catch-up for ages 55 and older
Triple Tax Savings with HSA
Company Contributions
As an added bonus, 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, including HSA plan tier, enrollment type (Open Enrollment, qualified life event, etc.), and time of year. The match amount will be spread over the number of pay periods per year and will be prorated upon hire.
HSA Restrictions
• You may not open an HSA if you or your spouse are enrolled in a Healthcare FSA.
• 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.