Cha-Ching!
That's the Sound of Money in Your HSA
The second company-provided contribution in your Health Savings Account (HSA) was deposited July 8. The July deposit is 50% of the total annual contribution BMC makes to your account. The amount contributed depends on your base salary and how many dependents you cover under the Aetna Health Savings Plan.
If you are hired July 1 through November 30, you'll receive 50 per cent of the 2013 annual amount within 30 days of eligibility. You are eligible for BMC's HSA contribution if you are enrolled in the Aetna Health Savings Plan and are actively employed by BMC on the date the company contribution is deposited to your HSA.
Use Your HSA Now or Save It for Later?
Sure, if your budget is strained, you'll probably need to use your HSA to pay healthcare bills now. But if you can afford to pay some or most bills out of pocket, why not save the money in your HSA for the future? Your HSA balance will grow through interest or investment earnings. And you'll have more money for expenses when you need it most—whether in a year, 5 years or in retirement.