Enrolled in the Lenovo Health Saver medical plan? Here’s your free gift with purchase: a tax-advantaged Health Savings Account (HSA). You can use it anytime you want to pay for eligible health care expenses. Your annual physical. An eye exam. A root canal. All eligible.
Btw, “tax-advantaged” is just a fancy word for “ka-ching!” Oh, and Lenovo’s contribution to your HSA? Even more ka-ching!
One word: taxes. No taxes on your (or Lenovo’s) contributions, your withdrawals for qualified medical expenses, or your earnings. The money is yours to keep. Forever. And you can use it whenever you want—right now or after you retire. Did we mention the Lenovo contributions? We chip in $750 if it’s just you and $1,500 if you have a family—no matter how much you contribute. Cash in by opening your account asap. The longer you wait, the less we chip in.
- No taxes on contributions, withdrawals for qualified medical expenses, and earnings
- Free $$ from Lenovo
- Freedom of contributing as much or as little as you want
- Money that’s yours to keep, forever
The annual max (in 2020) for your and Lenovo’s combined contributions is $3,550 (single) or $7,100 (family). If you're 55 or older, you can save an additional $1,000 per year in catch up contributions. Flush with cash and want to start dropping more into your HSA? Log in to the Benefitsolver website, and click Health Savings Account to change your pre-tax contributions.